China's Changing Economy: Instant Noodles Edition

Caixin: Market For Instant Noodles Goes Limp
Demand in the market has slumped after peaking in 2013 for a number of other reasons — some obvious and some not — such as the economy’s shift away from manufacturing, the slower growth in the ranks of migrant workers, faster trains, higher disposable incomes, snack-food competition, and a budding interest in nutrition.

The performance of a front-runner in the industry, Taiwan-based Tingyi (Cayman Islands) Holding Corp., reflects the turn, as it has reported a drop of revenue in its core noodle business since 2014. Tingyi’s revenue was $2.5 billion in the first nine months of 2016, down from $3.2 billion in the same period in 2014.

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