Bosideng eyes mergers to beat slump

The Chinese economy is showing slowing growth, its stock market has crashed by more than 50 percent and property prices in many cities are tumbling. Worried about losing jobs and falling income, many domestic consumers, especially in large cities, are tightening their purse strings. This has directly affected the fortunes of department stores and quite a few inadequately-capitalized small boutiques.

Bosideng, China's largest down clothing maker, has not been spared the beating either.