China’s consumer spending: 5 hurdles and a glimpse of optimism
China, the world’s second-largest economy, has lately been a focal point of global economic discussions, particularly in the context of consumer spending. As of August 2023, consumer spending in China has shown signs of recovery after a tepid July, with marked increases in sales across various sectors such as apparel, automotive, food, furniture and appliances, […]
[Infographic] Millennials Spending Habits: Chinese VS American
China’s 400 million millennials—a population five times greater than that of the United States—have proven themselves the most powerful contingent in the Chinese marketplace, which, with the help of the Middle Kingdom’s youngest consumers’ taste for premium quality, is poised to overtake America by 2028. Millennials are not only helping to grow the Chinese economy—they’re […]