Unilever Sees Little Impact Of China Slowdown On Sales Growth

Unilever PLC president for North Asia, Alan Jope, said the economic slowdown in China will have a slight impact on the company's sales growth. Jope added that his company is less affected by "fluctuations in consumer sentiment" than sellers of higher-end goods are. Unlike producers of raw materials, such as iron ore, and makers of luxury brands that have reported slowing sales in China, manufacturers of basic consumer goods are expected to perform better. Jope also said China's market for luxury facial skin care products, for example, started slowing down about three or four months ago, while sales of affordable face creams have continued to post strong growth.