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half of this year, as retail sales slowed the most in 10 years, the company said in July. Low priced water accounted for most of the beverage industry s growth as consumers cut back on pricier juices and sodas.Stronger domestic competition and more discerning shoppers have hurt sales at Nike and Yum Brands. McDonald s same store sales fell 3.2 percent in the third quarter, the fourth decline in a row.Chinese consumers are very cautious and typically revert to local chains in difficult economic times, Chief Executive Officer Don Thompson said on a call with analysts.Chinese filmmakers are also capturing most of the country s growth, with rules that favor local productions. share of film receipts in China shrunk to 42 percent this year from 58 percent a year ago, according to Rentrak, a research firm. companies haven t lost their appetite for the world s second largest economy.General Electric boosted sales 13 percent there in its most recent quarter owing to a surge in orders for health care devices. business sags, the handbag maker s sales surged more than 35 percent in China. General Motors and Volkswagen each plan to sell a record 3 million vehicles in China this year.Domestic politics are driving much of the uncertainty in the executive suite. The recent broadsides against foreign companies may have less to do with protectionism than with assuaging public concerns about prices, analysts say. While salaries are rising in China, prices for housing, education and health care are growing faster. In the past, inflationary pressures have sparked protests, which the government is keen to