Market Intelligence: China’s raw material purchases explained
Our latest Market Intelligence newsletter went live on July 22.
In this issue, we report some potentially positive news from the industry in China.
There are plenty of challenges for leather manufacturers there, not least because of trade tensions. In spite of that, investment in raw materials has continued, albeit with the emphasis on lower-priced hides.
Market Intelligence suggests that this activity gives grounds for optimism for the months ahead. There is speculation that, even if export markets are difficult, a stronger domestic market could provide a major lift.
This comes at a time when preparations for the central government’s fifteenth five-year plan (2026-2030) are at an advanced stage, with many indications that programmes for stimulating the domestic economy will feature prominently.
Image shows the Global Harbor shopping mall in Shanghai.
Credit: JP Bowen/Wikipedia.
