Chinese Market Insights

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McKinsey: By 2025, China's Luxury spending will make up 3/4 of global market
McKinsey: By 2025, China's Luxury spending will make up 3/4 of global market
by Valeria
on 2019-08-28

McKinsey: By 2025, China's Luxury spending will make up 3/4 of global market

According to McKinsey's latest insights, from now until 2025, China's luxury consumption will almost be doubled, accounting for 3/4 of the world's new spending. What drives this growth is the explosive growth of middle and upper class families, who c... continue reading

Chinese GDP per capita growth is accelerating
Chinese GDP per capita growth is accelerating
by vivian
on 2019-05-04

Chinese GDP per capita growth is accelerating

Changes in GDP per capita directly affect changes in consumer demand, while changes in consumer demand will accelerate industrial upgrading and innovation. In the very beginning of the new year of 2019, changes already appeared. On February 15th, wh... continue reading

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