consumer spending
Rising unemployment, sluggish GDP: China’s post-pandemic recovery falters
Lackluster economic data indicates demand for goods and services is weak and points to lower-than-expected growth in the near future for China. Read More
For better or for worse? China’s retail landscape undergoes significant transformations in 2023
Despite an uptick in domestic retail consumption, the travel and automotive industries are still struggling to recover to pre-pandemic levels in China. Read More
BCG Report: China’s Middle Class To Reach 40 Percent Of Population By 2030
BCG highlights the explosion of China’s middle class while reporting notable discrepancies between age groups. What lessons can luxury brands learn? Read More
Will China’s Spending Jump Boost Luxury Brands?
Optimism is spreading among luxury brands, as average national spending saw an impressive 15.8-percent year-on-year growth. Read More
Where Luxury Stands In China’s Consumption-Based Economy
China’s economy quickly rose from a manufacturing superpower to a mature service sector. But how will those changes impact global luxury brands? Read More
Boston Consulting Group: China’s Millennials Get ‘Aggressive’ with Consumer Spending
A new Boston Consulting Group report finds that while Chinese consumer spending is down, younger shoppers are consuming at twice the pace of their parents' generation. Read More
Survey: Chinese Travel Spending Shifts from Hard Luxury to Premium Necessities
Recent surveys suggest affluent Chinese shoppers are now less inclined to buy luxury items like jewelry, watches, and handbags as their international travel spending shifts toward cosmetics and health supplements. Read More
Women The Driving Force In Chengdu’s Luxury Market (Jing Archives)
From the archives: The rising spending power of wealthier women has convinced many in the Chinese luxury industry that "the future is female." If this is the case, the future… Read More
