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Questions and Answers
Which category of products have Chinese businesses occupied top-selling spots in, according to the text?
Which category of products have Chinese businesses occupied top-selling spots in, according to the text?
- Furniture and home decor
- Electronics
- Food and beverages
- Cosmetics, fashion, and home appliances (correct)
What is the reason for Chinese brands gaining a distinct edge, according to the text?
What is the reason for Chinese brands gaining a distinct edge, according to the text?
- A decrease in competition from foreign brands
- A decrease in production costs
- An increase in government subsidies for domestic companies
- A shift in consumer demands (correct)
What has been the effect of President Xi's push for domestic demand to be a major engine of economic growth, according to the text?
What has been the effect of President Xi's push for domestic demand to be a major engine of economic growth, according to the text?
- A decrease in government support for cultural heritage and tradition
- A surge in sales for domestic brands like Anta (correct)
- An increase in foreign investment in Chinese companies
- A decrease in sales for Chinese-made products
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Study Notes
- Singles Day in China is shifting towards domestic companies supported by the Chinese government.
- Chinese businesses have occupied top-selling spots in several categories, including cosmetics, fashion, and home appliances.
- Chinese companies have evolved, with their quality rising and their popularity surging.
- Homegrown brands are better equipped to address the needs of domestic consumers and adapt to a country's shifting trends.
- Chinese brands are gaining a distinct edge as consumer demands shift.
- Some brands have leaned more explicitly into Chinese culture, a reaction to broader state-backed efforts to strengthen cultural heritage and tradition.
- President Xi has pushed domestic demand to be a major engine of economic growth.
- Chinese consumers are growing more accepting and supportive of Chinese-made products.
- Anta's sales have surged, while Adidas's sales in China have dropped.
- Chinese culture is becoming more important, and people care more and more about their own national culture.
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