China’s Toys Market in 2022: Chaowan, high-tech, and parent-child games
Most people know China as the world’s largest toy exporter due to its solid manufacturing reputation especially in the southeastern provinces. Indeed, in 2020 China exported $72 billion USD worth of toy products, miles ahead of the 2nd place – Germany’s $6 billion USD. However, China also has the world’s largest toys market, valued at […]
A new era of parents in China: Some of the largest spenders in the country
New era parents in China put paramount importance on growing individually in their careers, their health and beauty with are willing to pay a premium for convenience. According to a report published by Alarice most parents in modern China spend approximately 1,000 to 5,000 RMB on their children every month, with expenditures on education and […]