Living and exercising with style in the sportswear market in China
Even though the broader apparel market in China is slowing, growing only by 0.8% year-over-year in January to June 2024, sportswear is an exception. As Chinese consumers prioritize health and leisure, they are spending more on sportswear. In 2023, the sportswear market in China reached RMB 492.6 billion (USD 68.8 billion), and it is projected […]
How Disney has been able to outperform local theme parks in China
China has the second-largest theme park market in the world after the United States, receiving 130 million visitors in 2023, a 72% year-over-year increase. As cultural entertainment and leisure travel continues to grow, theme parks in China are attracting a broader audience, including solo travelers and the elderly. Download our report on young Chinese consumers […]
China’s toys market: a new addiction among kids and adults?
Many people know China as the world’s largest toy exporter. It has a solid manufacturing reputation, especially in the southeastern provinces. Indeed, China’s toys market has consistently exhibited positive growth over the last ten years. In 2023, the size of China’s toy market stood at a substantial RMB 159.8 billion, indicating that the demand for […]
The Chinese art market: young collectors fuel contemporary art surge
The global art market is a multi-billion-dollar industry, playing a significant role in cultural exchange and economic development. While its artistic roots stretch back centuries, China’s art market has boomed in recent decades, becoming a major player on the global art scene. In recent years, the Chinese art market has witnessed a meteoric rise, solidifying […]
China’s minimalism trend: a journey towards sustainable living and mindful consumption
Minimalism has become a prominent trend in fashion and lifestyle campaigns, especially in China. People are increasingly embracing a clutter-free existence and being mindful of their shopping habits. This minimalist lifestyle has a positive impact on personal well-being, with decluttering being a significant factor, according to a study of current trends in China. The minimalist […]
How can China, the leader in renewable energy but the world’s biggest carbon emitter, find its path to carbon neutrality by 2060
China is heavily investing in renewable energies to stay within the limits of its two carbon emission goals: to reach peak emission by 2030 and neutrality in 2060. While China is the biggest investor in renewable energy globally, it is simultaneously also the biggest emitter of CO2, as energy supply stability and continued economic growth […]
The Chinese eBook market: The average Chinese e-book user reads 9.1 books a year, here is what they are reading
Chinese eBook market is thriving. According to the 2021 China Digital Reading Report published by China Audio-video and Digital Publishing Association, the population of Chinese digital reading users in 2020 has reached 494 million, which was an increase of 5.56% over 2019. The digital reading industry market size was RMB35.16 billion, boasting an increase of […]
The Coffee shop market in China: Blue Bottle squeezes in with Starbucks, Luckin and Manner with its Shanghai entry
Blue Bottle, a Californian-based high-end coffee chain, has made its debut in Mainland China, opening its first store in Shanghai Jing’an International Center (上海静安国际中心). The grand opening of the Auckland coffee store has attracted heaps of crowds, with customers queuing up to 7 hours outside of the two-story historic building on Chang’an Road (长安路), just […]
Five steps to future-proofing for luxury brands in China
China’s luxury market accounted for 20% of the global luxury market in 2020 and it is expected to become the largest luxury market by 2025, thereby surpassing the regional share of the Americas and Europe. According to the report jointly released by Ruder Finn & Consumer Search Group, consumer confidence has been restored as 41% […]
What job postings in China teach us about the nation’s direction of economic development
With the end of the Covid-19 pandemic and the rapid recovery of the national economy, the job market for medium and highly skilled professionals in China started to thrive again, raising hopes for an increasingly brighter future. During 2021 Q1, the number of new jobs experienced a 99.02% year-on-year increase and the average annual salary […]
Telemedicine in China: Healthcare reaches a new status quo during the COVID-19 pandemic
Data source: askCI.com- Market size of telemedicine in China from 2015-2019 Telemedicine consumer penetration Given the COVID-19 situation in the beginning of 2020, it is no surprise that the penetration rate jumped up by 2% YOY. By April 2019, the number of users of online telemedicine services in China had reached 45 million, with industry […]
How COVID-19 will impact commercial real estate in China
As the globe grapples with economic conditions caused by COVID-19, the commercial real estate industry has been among the hardest-hit. Stay-at-home orders and social distancing have become standard protocol worldwide, so procedures like in-person home showings and construction have been suspended. China’s property sector — which makes up around a quarter of the nation’s GDP […]