Media reports of slowing SUV (Sports Utility Vehicle) sales and a bounce back in the popularity of instant noodles have been cited as evidence of an apparent “consumption downgrade” over the last 18 months. With the Chinese government keen to continue to push a more balanced economic growth model less dependent on investment and increasingly driven by consumption, such a cyclical slowdown is obvious cause for concern, and likely underscored a series of recent tax reform measures intended to stimulate spending.

To get a more nuanced picture of the Chinese consumer in 2019 and the sales impact on European companies from OEM’s to cosmetics, the European Chamber is delighted to welcome Gavekal’s China Consumer Analyst, Ernan Cui, and the Economist Intelligence Unit’s Director of Consulting, Alexander van Kemenade. Speakers will take a deeper dive into topics including: the impact of upgrading emission standards, a softening labor market, and the demographic trends that will influence consumer sentiment in the longer term.

Agenda

16:00-16:05 Welcome remarks by European Chamber representative

16:05-16:30 China’s Consumer Outlook, Alexander van Kemenade , Director of Consulting, the Economist Intelligence Unit

16:30-16:55 The “Acceleration Phenomenon”, Ernan Cui, China Consumer Analyst, Gavekal Dragonomics

16:55-17:30 Moderated discussion and Q&A

Terms & Conditions

Events have limited seating so to ensure your attendance we encourage advance online registration and payment. We cannot guarantee entry to anyone not registered in advance.

Payment can be made by cash, (domestic) credit/debit card or wechat. If you pay in advance by wechat we are typically able to provide you with your fapiao on arrival. For payments made on-site we will dispach the fapiao to your given address within 5-10 days.

Events are held in English and follow the Chatham House rule unless otherwise stated.

Cancellation Policy

If you cannot attend the event for which you have registered, please cancel your registration no later than one business day prior to the event. If you fail to notify us of your cancellation in a timely fashion, you will be charged for event costs.

To cancel you can: 1) email sluo@europeanchamber.com.cn, or 2) cancel online if you registered for the event through the website.

Advisory Council Policy

Members of the Advisory Council may receive complimentary admission to Chamber seminars, conferences and factory visits up to two attendees per event. Additional participants will be charged at the member rate.

Advisory Council members will still be charged the standard member rate for participation in training courses and special events, such as gala balls, government appreciation dinners, or admission to corporate social events/tournaments.

For further information contact Graeme Wallace gwallace@europeanchamber.com.cn

Speakers

Ms. Ernan Cui

China Consumer Analyst, Gavekal Dragonomics

Ms. Ernan Cui

China Consumer Analyst, Gavekal Dragonomics

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Ernan covers a wide range of topics related to Chinese consumers at Gavekal Dragonomics, including the labor market, demographics, urbanization, and household savings and debts; she also tracks trends in major consumer-related sectors such as retailing, autos, tourism, and healthcare, as well as agriculture and food. She is often quoted by major media outlets including the Financial Times, Reuters, Bloomberg, the New York Times, The Wall Street Journal, and The Economist.

A native of Tianjin, Ernan joined the Beijing office of Gavekal Dragonomics in 2013. She previously interned at Standard Chartered and Accenture, and was a part-time researcher at the University of Chicago's Beijing Center. Ernan graduated from Renmin University of China with an MA in economics and a double bachelor’s degree in economics and mathematics.

Mr. Alexander van Kemenade

Director of Consulting (Asia), EIU Consumer

Mr. Alexander van Kemenade

Director of Consulting (Asia), EIU Consumer

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Alex leads the EIU’s consumer practice in Asia, helping global companies make strategic decisions in some of the world’s most dynamic markets. He specialises in data-driven strategy and deploys cutting-edge predictive analytics across a wide range of consumer, economic and market data, helping clients capture emerging growth opportunities and position themselves for success.

Drawing on over a decade of experience in Asia, Alex has served clients across a wide range of industries and strategy areas. Recent projects he has worked on include helping a global luxury brand plan its 5-year expansion strategy across Chinese cities, a ride-hailing firm gain market share in Indonesia, and an FMCG company identify emerging consumer opportunities in Vietnam.

He joined the EIU’s Beijing office as an economist in 2007, helping to establish the China Regional Forecasting Service, which provides clients with a unique regional view on economic developments across the country. A frequent commentator in international media, Alex holds an MSc in economics from the London School of Economics and Political Science and speaks fluent Mandarin. He also plays electric bass in a local Beijing band.

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