Reckitt Benckiser Group plc (3RB.DE)

Chinese spend more on diapers and Colgate despite economic woes

Chinese shoppers are spending a little more on diapers and some Colgate toothpastes, according to executives at the makers of these products, even as consumers fret about the country's property crisis and faltering economy. China's economic slump after the pandemic has weighed on sales at consumer packaged goods companies, who had targeted the world's second-biggest economy as a major source of growth. Some consumer companies like Tide detergent maker Procter & Gamble, Reckitt, which manufactures Dettol cleaning solutions, and food producer PepsiCo are reporting some small signs of stronger spending in China.