The latest financial report from e-commerce services provider Baozun Inc. (BZUN.US; 9991.HK) is providing the latest evidence of a growing theme in China these days, namely that cautious consumers are refraining from big-ticket spending. We’ve seen this theme quite regularly during the first-quarter earnings season for cars and real estate, which are two of the most expensive big-ticket items for ordinary consumers.
電子商務服務供應商寶尊電商有限公司(BZUN.US; 9991.HK)的最新財報提供了一項有力證據,表明眼下在中國日益普遍的一個主題,即謹慎的消費者正在避免大筆支出。在一季度的財報季期間,我們經常在汽車和房地產行業看到這一主題,對普通消費者來說這兩樣是最貴的大件物品。
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