Thereal estate crisis in Chinahas had a significant impact on consumer spending. For decades, the property boom fueled spending by China’s growing middle class, who kept a great portion of their wealth in real estate and felt confident when their homes increased in value. However, the downtur...
ConsumerWise survey of consumer sentiment, conducted in February, suggests an optimistic trajectory for international travel, with 36 percent of respondents in China saying they intend to spend more on international travel over the next three months, the highest of all discretionary spending items. (...
China's consumer spending trends have seen a positive upturn as consumer spending contributed 83.2 percent to economic growth during the first three quarters of 2023, the Guangming Daily reported. This surge in consumer activity marks an improvement in spending patterns, which have become more rationa...
China's consumer spending trends have seen a positive upturn as consumer spending contributed 83.2 percent to economic growth during the first three quarters of 2023, the Guangming Daily reported. This surge in consumer activity marks an improvement in spending patterns, which have become more rationa...
The event’s sheer scale offers valuable insights into Chinese consumer behavior: The 2 percent growth over an already flat 2022 was driven by a discounts and promotions, with the average selling price (ASP) declining for major brands compared to last year. Categories experiencing growth are ...
Will China’s Luxury Spending Increase, Stay the Same or Fall in 2022? China is the world’s most populous nation, making it a vital cog in the global luxury market engine. The latest TrendLens™ study from Agility Research & Strategy shows that changes in the country’s consumer ...
2. Consumer spending refers to all the expenditures that residents use to meet their daily needs, including both cash and physical consumption. Consumer spending includes eight categories: food, tobacco and alcohol, clothing, housing, daily necessities and services, transportation and communication, educ...
China's consumer spending trends have seen a positive upturn as consumer spending contributed 83.2 percent to economic growth during the first three quarters of 2023, the Guangming Daily reported. This surge in consumer activity marks an improvement in spending patterns, which have become more ...
国家移民管理局称,全国各地边境管理部门八天假期期间接待的出入境旅游人次增加了1180万,平均每日增加148万,较2022年同期增加2.9倍。 Meituan, a popular service platform in China, published data on consumer spending during the Golden Week holiday on Oct 5. 国内备受欢迎的服务平台美团于10月5日公布了黄金...
Per capita consumer spending in urban and rural China 1990-2024 Per capita consumption in urban and rural China 2024, by use Adult population distribution by wealth group in China 2022 Consumer confidence in China 2019-2024 Do you have any questions about our business solutions?