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Paws, purrs, and profits: the dynamics of China’s pet economy

pet economy in China

The Chinese pet market represents a flourishing sector in the country’s economy. In 2022, it reached a revenue of around RMB 493.6 billion, and it’s expected to double by 2025. Pets have become inseparable companions during many stages of life for several reasons: from avoiding the responsibilities of having children to the desire of not […]