Goldman Sachs: Mainland China's essential goods demand during the Spring Festival exceeds expectations, with a preference for condiments/prepackaged food sectors.

Goldman Sachs has released a research report stating that the mainland consumer goods industry benefited from the later Chinese New Year holiday, with strong January shipment data, and demand for the holiday exceeding expectations. They are encouraged by the resilience of shipment and sales data in February, which may even exceed expectations. Goldman Sachs prefers the condiments/prepackaged vegetables and dairy sectors, as demand in these industries is rebounding, the supply and demand cycle is improving, and the impact of fluctuating PET costs is relatively small in the short term.