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by Valeria
on 2019-08-28

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

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

According to McKinsey's latest insights, from now until 2025, China's luxury consumption will almost 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 cont...

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by vivian
on 2019-05-04

Chinese GDP per capita growth is accelerating

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...

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