📈 4 observations about the one sector in China that's deflation-proof and crackdown-free (Part I) | Following the yuan

In recent months, while economic downturns and discounts dominate discussions in other consumer sectors, the conversation in the pet sector begins with pet food producer Gambol's listing in A-shares.

Writer’s Note 📝: This piece is part of a series where I explore a distinct consumer vertical every quarter (my last deep dive was on coffee). The series blends my personal observations with insights from consumers and industry professionals (more of that in Part II), aiming to offer you ground-level color and analyses. 👀