Chinese sportswear groups will be ‘first to recover’
28/09/2012
Shares in Chinese sportswear groups have risen after financial services company UBS forecast that they would be the first to recover from any downturn in the market. Anta Sports and Li Ning, two of China’s largest sportswear companies, have cut back on new store openings in recent months after a slowdown in sales. "We turn bullish on the...