The Rising Influence of Rising Affluence

[DewDiligence]

China is bright spot in PG’s weak quarter:

https://www.wsj.com/articles/procter-gambles-profit-rises-but-sales-fall-short-of-views-1508500938

The company’s organic sales, a closely watched metric that strips out currency moves, acquisitions and divestitures, rose 1% in the quarter, the increase almost entirely driven by emerging markets…

P&G said its fiscal first-quarter profit rose 5% as China, once a weak spot, now is driving growth. To highlight the turnaround there, Mr. Moeller hosted the analysts’ call from P&G’s Guangzhou office… P&G’s organic sales in the country rose 8% in the recently ended quarter.