Subway11- That makes a lot of sense. When people perceive something as being less expensive they tend to buy more often.
But in terms of global consumer goods market, I think China is the most influential. The international consumer industry is really impacted by China.
Some say their explosive growth is causing many product defects which may be harmful to consumers. Some are concerned with the perceived lack of safety regulations by Chinese manufacturing companies.
Many Americans feel that Chinese manufacturers are producing goods at such a fast rate that they don't take safety into consideration.
For example, the use of lead paint in many children's toys caused a massive recall that made many American consumers hesitant to buy Chinese manufactured goods.