There is some Vitamin supplement as well as healthcare product companies which are not very much known to the Australian investors. The products of these companies have witnessed robust demand in China. Once again, the list of the top-selling Australian brands was dominated by the big vitamin companies like Blackmores as well as Swisse. This was evidenced by the world’s biggest online sale. According to the giant Australian newspaper, the Australian sales witnessed the rise of 35% on the Tmall platform of the Alibaba group. [optin-monster-shortcode id=”swikrbu1d9j9aq0o4cko”]
Swisse managed to top the best sellers list for the second year which was followed by Devondale which is in the business of producing the milk powder. Of the total top 10 sellers, the substantial portion was occupied by the Vitamin as well as Healthcare brands. The third spot was obtained by Bio Island, a company which is being handled by JBX Pty Ltd and is in the business of selling supplements like milk calcium, fish oil as well as lysine. Blackmores which is listed on the Australian Securities Exchange or ASX has occupied the fourth position which was followed by a supplements brand named Healthy Care which is in the business of selling grape seed capsules. The sixth position was bagged by the Thursday Plantation and the seventh position was occupied by the company in the business of skin care named G&M while Arnold’s Farm occupied the eighth position. However, Bellamy’s has occupied the ninth position, and Nu-Lax has managed to bag the tenth position.
At the time of shopping festival, Australia was regarded as the fourth most popular market by the consumers of China. The event this year witnessed the robust response from the Chinese people. This event has managed to achieve 213.5 billion yuan in the sales which represents a rise of 27% on the YoY basis. While Australia managed to occupy the fourth position, the top three positions were bagged by Japan, the US as well as South Korea.
However, one also needs to focus on the other parameters which are impacting the Chinese economy. The market participants are worried about China’s economic expansion because the growth drivers are becoming weak. These drivers are an investment, exports as well as consumption. The market players are wondering how the trade battle between the United States and China could impact the Chinese economy. The growth momentum in the Chinese GDP has also been witnessing the negative impacts. The US-China trade war has the potential of derailing the global growth which could severely impact the consumer as well as business confidence. Moreover, the trade battle could also impact the global financial markets, thus, hampering the sentiments of the investors. This can be said because the markets are very sensitive to the news related to the trade wars. If any news breaks out which reflects that there are chances of settlement, the stock markets immediately react positively. Lower investors’ sentiments might trigger the outflows from the equities which might lead to the strong sell-off.
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