Mooncake sales on the wane as China’s consumers cut back on non-essentials

Source: China – South China Morning PostEarly sales of mooncakes – a food traditionally distributed among families, workplaces and other social groups to celebrate China’s Mid-Autumn Festival – have softened compared to previous years, another sign the country’s domestic demand has yet to fully reenergise.
Packages of mooncakes, typically round baked goods with a variety of dense fillings, are popular gifts during the holiday season, with luxury variants stuffed with premium ingredients like black truffle or Spanish ham serving as…Read More

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