Chinese Media Highlights Rebound In Men’s Underwear Sales As Sign Of Impending Economic Boom

Pants

China is reviving a leading indicator that was popularized during the aftermath of the financial crisis to tout a nascent economic recovery in one of its northeastern provinces. According to the Global Times, an English-language mouthpiece for the Communist Party, climbing sales of men’s underwear bodes well for the broader regional economy.

The Men’s Underwear Index was first popularized by Fed Chairman Alan Greenspan as a surprisingly powerful leading indicator. Here’s the gist: Sales of men’s underwear are typically relatively stable due to their status as a consumer necessity. But during periods of financial distress, men will delay purchasing new drawers, causing sales to dip.

So, when sales start to climb again after a prolonged slowdown, it’s a sign that more consumers may be feeling optimistic about the economic outlook. As the Washington Post pointed out back in August 2009, rebounding underwear sales had prompted some to speculate that the recession that followed the financial crisis might be about to end. And sure enough, data later reflected that economic growth had in fact rebounded, suggesting that the underwear indicator might in fact be a reliable indicator.

In its news story, the GT traced the growth in sales of men’s underwear over three years, noting that not only had sales risen, but that men had been “paying more attention to the quality and color variety of the clothes”. Underwear made by Playboy and two local brands were among the most popular.

Sales of men’s underwear in Liaoning has risen for the last three years, as consumers pay more attention to the quality and color variety of the clothes, according to recent information released by JD Big Data Research Institute.

Sales of men’s underwear across the province rose 42 percent in 2017 over the previous year while the year-on-year increase stood at 32 percent to date in 2018, the industrial data showed. The provincial year-on-year sales increase in 2018 grew even faster than that of other provinces.

According to the institute, underwear made of cotton is most welcomed, accounting for 48 percent of total shorts sales, and consumers in Liaoning prefer such brands as NanJiren, Septwolves and Playboy, marking an improvement from their previous consumption.

Other similar indexes like the ‘yogurt index’, ‘bread index’ and the broader ‘consumer goods price index’ similarly traced the recovery in the local economy. (There’s also the notorious ‘hemline indicator’, though as one recent study pointed out, the economic cycle predicts the hemline, not vice-versa). Liaoning reported a turnaround to growth of 4.2% in 2017 before accelerating to 5.6% in the first half of 2018, and 5.4% in the third quarter.

“The recovery is mainly due to coal and steel prices rising during the period,” Liang said, “and the recovery can also be seen in the volume of railway and road freight, electricity consumption of industry, volume of business and employment.”

“About 44 percent of the local employment is created by new industries like e-commerce and food delivery. Private enterprise accounts for vast majority of the employment, along with self-employment,” Liang said.

However, China fears that growth across various industries has not been broad based enough to sustain this pace (particularly, we imagine, after the raft of troubling economic data out earlier this month, which itself was only the latest sign that China’s torrid GDP growth is finally beginning to cool).

To mitigate this risk, the Northeastern region needs to “make up for shortages with new businesses, services, and light industry,” the expert said.

And if China follows through on its widely touted market liberalization, these industries might soon have some help from foreign investors.

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underwear ssles as sign of impending economic boom [259] => chinese media highlights rebound in men&#8217;s underwear swles as sign of impending economic boom [260] => chinese media highlights rebound in men&#8217;s underwear sqles as sign of impending economic boom [261] => chinese media highlights rebound in men&#8217;s underwear sakes as sign of impending economic boom [262] => chinese media highlights rebound in men&#8217;s underwear sapes as sign of impending economic boom [263] => chinese media highlights rebound in men&#8217;s underwear saoes as sign of impending economic boom [264] => chinese media highlights rebound in men&#8217;s underwear salws as sign of impending economic boom [265] => chinese media highlights rebound in men&#8217;s underwear salss as sign of impending economic boom [266] => chinese media highlights rebound in men&#8217;s underwear salds as sign of impending economic boom [267] => chinese media highlights rebound in men&#8217;s underwear salrs as sign of impending economic boom [268] => chinese media highlights rebound in men&#8217;s underwear sal4s as sign of impending economic boom [269] => chinese media highlights rebound in men&#8217;s underwear sal3s as sign of impending economic boom [270] => chinese media highlights rebound in men&#8217;s underwear salea as sign of impending economic boom [271] => chinese media highlights rebound in men&#8217;s underwear salez as sign of impending economic boom [272] => chinese media highlights rebound in men&#8217;s underwear salex as sign of impending economic boom [273] => chinese media highlights rebound in men&#8217;s underwear saled as sign of impending economic boom [274] => chinese media highlights rebound in men&#8217;s underwear salee as sign of impending economic boom [275] => chinese media highlights rebound in men&#8217;s underwear salew as sign of impending economic boom [276] => chinese media highlights rebound in men&#8217;s underwear sales zs sign of impending economic boom [277] => chinese media highlights rebound in men&#8217;s underwear sales ss sign of impending economic boom [278] => chinese media highlights rebound in men&#8217;s underwear sales ws sign of impending economic boom [279] => chinese media highlights rebound in men&#8217;s underwear sales qs sign of impending economic boom [280] => chinese media highlights rebound in men&#8217;s underwear sales aa sign of impending economic boom [281] => chinese media highlights rebound in men&#8217;s underwear sales az sign of impending economic boom [282] => chinese media highlights rebound in men&#8217;s underwear sales ax sign of impending economic boom [283] => chinese media highlights rebound in men&#8217;s underwear sales ad sign of impending economic boom [284] => chinese media highlights rebound in men&#8217;s underwear sales ae sign of impending economic boom [285] => chinese media highlights rebound in men&#8217;s underwear sales aw sign of impending economic boom [286] => chinese media highlights rebound in men&#8217;s underwear sales as aign of impending economic boom [287] => chinese media highlights rebound in men&#8217;s underwear sales as zign of impending economic boom [288] => chinese media highlights rebound in men&#8217;s underwear sales as xign of impending economic boom [289] => chinese media highlights rebound in men&#8217;s underwear sales as dign of impending economic boom [290] => chinese media highlights rebound in men&#8217;s underwear sales as eign of impending economic boom [291] => chinese media highlights rebound in men&#8217;s underwear sales as wign of impending economic boom [292] => chinese media highlights rebound in men&#8217;s underwear sales as sugn of impending economic boom [293] => chinese media highlights rebound in men&#8217;s underwear sales as sjgn of impending economic boom [294] => chinese media highlights rebound in men&#8217;s underwear sales as skgn of impending economic boom [295] => chinese media highlights rebound in men&#8217;s underwear sales as sogn of impending economic boom [296] => chinese media highlights rebound in men&#8217;s underwear sales as s9gn of impending economic boom [297] => chinese media highlights rebound in men&#8217;s underwear sales as s8gn of impending economic boom [298] => chinese media highlights rebound in men&#8217;s underwear sales as sifn of impending economic boom [299] => chinese media highlights rebound in men&#8217;s underwear sales as sivn of impending economic boom [300] => chinese media highlights rebound in men&#8217;s underwear sales as sibn of impending economic boom [301] => chinese media highlights rebound in men&#8217;s underwear sales as sihn of impending economic boom [302] => chinese media highlights rebound in men&#8217;s underwear sales as siyn of impending economic boom [303] => chinese media highlights rebound in men&#8217;s underwear sales as sitn of impending economic boom [304] => chinese media highlights rebound in men&#8217;s underwear sales as sigb of impending economic boom [305] => chinese media highlights rebound in men&#8217;s underwear sales as sigm of impending economic boom [306] => chinese media highlights rebound in men&#8217;s underwear sales as sigj of impending economic boom [307] => chinese media highlights rebound in men&#8217;s underwear sales as sigh of impending economic boom [308] => chinese media highlights rebound in men&#8217;s underwear sales as sign if impending economic boom [309] => chinese media highlights rebound in men&#8217;s underwear sales as sign kf impending economic boom [310] => chinese media highlights rebound in men&#8217;s underwear sales as sign lf impending economic boom [311] => chinese media highlights rebound in men&#8217;s underwear sales as sign pf impending economic boom [312] => chinese media highlights rebound in men&#8217;s underwear sales as sign 0f impending economic boom [313] => chinese media highlights rebound in men&#8217;s underwear sales as sign 9f impending economic boom [314] => chinese media highlights rebound in men&#8217;s underwear sales as sign od impending economic boom [315] => chinese media highlights rebound in men&#8217;s underwear sales as sign oc impending economic boom [316] => chinese media highlights rebound in men&#8217;s underwear sales as sign ov impending economic boom [317] => chinese media highlights rebound in men&#8217;s underwear sales as sign og impending economic boom [318] => chinese media highlights rebound in men&#8217;s underwear sales as sign ot impending economic boom [319] => chinese media highlights rebound in men&#8217;s underwear sales as sign or impending economic boom [320] => chinese media highlights rebound in men&#8217;s underwear sales as sign of umpending economic boom [321] => chinese media highlights rebound in men&#8217;s underwear sales as sign of jmpending economic boom [322] => chinese media highlights rebound in men&#8217;s underwear sales as sign of kmpending economic boom [323] => chinese media highlights rebound in men&#8217;s underwear sales as sign of ompending economic boom [324] => chinese media highlights rebound in men&#8217;s underwear sales as sign of 9mpending economic boom [325] => chinese media highlights rebound in men&#8217;s underwear sales as sign of 8mpending economic boom [326] => chinese media highlights rebound in men&#8217;s underwear sales as sign of inpending economic boom [327] => chinese media highlights rebound in men&#8217;s underwear sales as sign of ikpending economic boom [328] => chinese media highlights rebound in men&#8217;s underwear sales as sign of ijpending economic boom [329] => chinese media highlights rebound in men&#8217;s underwear sales as sign of imoending economic boom [330] => chinese media highlights rebound in men&#8217;s underwear sales as sign of imlending economic boom [331] => chinese media highlights rebound in men&#8217;s underwear sales as sign of im-ending economic boom [332] => chinese media highlights rebound in men&#8217;s underwear sales as sign of im0ending economic boom [333] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impwnding economic boom [334] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impsnding economic boom [335] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impdnding economic boom [336] => chinese media highlights rebound in men&#8217;s underwear sales as sign of imprnding economic boom [337] => chinese media highlights rebound in men&#8217;s underwear sales as sign of imp4nding economic boom [338] => chinese media highlights rebound in men&#8217;s underwear sales as sign of imp3nding economic boom [339] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impebding economic boom [340] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impemding economic boom [341] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impejding economic boom [342] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impehding economic boom [343] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impensing economic boom [344] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impenxing economic boom [345] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impencing economic boom [346] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impenfing economic boom [347] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impenring economic boom [348] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impeneing economic boom [349] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impendung economic boom [350] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impendjng economic boom [351] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impendkng economic boom [352] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impendong economic boom [353] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impend9ng economic boom [354] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impend8ng economic boom [355] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impendibg economic boom [356] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impendimg economic boom [357] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impendijg economic boom [358] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impendihg economic boom [359] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impendinf economic boom [360] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impendinv economic boom [361] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impendinb economic boom [362] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impendinh economic boom [363] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impendiny economic boom [364] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impendint economic boom [365] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending wconomic boom [366] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending sconomic boom [367] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending dconomic boom [368] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending rconomic boom [369] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending 4conomic boom [370] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending 3conomic boom [371] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending exonomic boom [372] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending evonomic boom [373] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending efonomic boom [374] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending edonomic boom [375] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending ecinomic boom [376] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending ecknomic boom [377] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending eclnomic boom [378] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending ecpnomic boom [379] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending ec0nomic boom [380] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending ec9nomic boom [381] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending ecobomic boom [382] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending ecomomic boom [383] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending ecojomic boom [384] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending ecohomic boom [385] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending econimic boom [386] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending econkmic boom [387] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending econlmic boom [388] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending econpmic boom [389] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending econ0mic boom [390] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending econ9mic boom [391] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending econonic boom [392] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending econokic boom [393] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending econojic boom [394] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economuc boom [395] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economjc boom [396] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economkc boom [397] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economoc boom [398] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending econom9c boom [399] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending econom8c boom [400] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economix boom [401] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economiv boom [402] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economif boom [403] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economid boom [404] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic voom [405] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic noom [406] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic hoom [407] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic goom [408] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic biom [409] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic bkom [410] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic blom [411] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic bpom [412] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic b0om [413] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic b9om [414] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic boim [415] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic bokm [416] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic bolm [417] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic bopm [418] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic bo0m [419] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic bo9m [420] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic boon [421] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic book [422] => chinese media highlights rebound in men&#8217;s underwear sales as sign of impending economic booj ) </h1> </body>