China in Numbers: The Power of Chinese Consumers
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Domestic consumption has become the biggest driver of China’s economic growth during the 13th Five Year Plan period (2016-2020). Check the data story below to have a closer look at the consumption trend among Chinese consumers.
▲Consumption leads China’s growth for 5 years.
▲Less spending on essentials means better living standard.
▲E-commerce has increased significantly in China.
▲Personalized shopping experience on social media is becoming trendy.
▲High-tech products are becoming popular among Chinese consumers.
▲Breaking traditions: older consumers welcome technology.
▲B(niǎo)reaking traditions: gender disparity narrows.
▲Chinese consumers have embraced foreign goods.??
▲While western brands remain popular, high-end domestic brands have surged.
▲China’s growing middle-income group creates greater business opportunities.
