UK retail bosses have warned of an increase of Chinese products flooding the UK and Europe via platforms such as Temu, Shein and Amazon in response to US tariffs, reports London's Financial Times.
The chief executives of electrical goods retailers, including Currys, have said Chinese factories selling directly to marketplaces or platforms will increasingly dump smaller goods destined for the US into Europe.
Currys chief executive Alex Baldock told the FT there were early signs of 'stock being diverted into European markets in a straightforward dumping way'.
He added: 'The single biggest area where lots of stock is likely to land in the UK - at least in my world - is from the likes of Shein, Temu, Alibaba, TikTok shop, and most of all, Amazon. which has a lot of Chinese vendors.'
China is scrambling to roll out more measures to boost consumer spending as it strives to offset the worst effects of an escalating trade war with the United States, reports Hong Kong's South China Morning Post.
The southern island of Hainan is holding a major consumption expo in an effort to attract high-spending foreign shoppers on Sunday, while local authorities across the country launch additional measures to encourage domestic consumers to open their wallets.
The China International Consumer Products Expo, the largest premium consumer goods exhibition in the Asia-Pacific region, opened at a time when domestic consumption is becoming ever more crucial.
The six-day event, billed as China's only national-level expo dedicated to consumer products, also came as local governments offered more stimulus for consumer spending as a main strategy to shore up the slowing economy.
Chinese policymakers need to take further action to 'strengthen people's confidence and willingness to spend', said the state-owned Economic Daily in a commentary.
SeaNews Turkey
The chief executives of electrical goods retailers, including Currys, have said Chinese factories selling directly to marketplaces or platforms will increasingly dump smaller goods destined for the US into Europe.
Currys chief executive Alex Baldock told the FT there were early signs of 'stock being diverted into European markets in a straightforward dumping way'.
He added: 'The single biggest area where lots of stock is likely to land in the UK - at least in my world - is from the likes of Shein, Temu, Alibaba, TikTok shop, and most of all, Amazon. which has a lot of Chinese vendors.'
China is scrambling to roll out more measures to boost consumer spending as it strives to offset the worst effects of an escalating trade war with the United States, reports Hong Kong's South China Morning Post.
The southern island of Hainan is holding a major consumption expo in an effort to attract high-spending foreign shoppers on Sunday, while local authorities across the country launch additional measures to encourage domestic consumers to open their wallets.
The China International Consumer Products Expo, the largest premium consumer goods exhibition in the Asia-Pacific region, opened at a time when domestic consumption is becoming ever more crucial.
The six-day event, billed as China's only national-level expo dedicated to consumer products, also came as local governments offered more stimulus for consumer spending as a main strategy to shore up the slowing economy.
Chinese policymakers need to take further action to 'strengthen people's confidence and willingness to spend', said the state-owned Economic Daily in a commentary.
SeaNews Turkey
