The upper middle class and the affluent families will account for 55% of personal consumptions in urban areas in China in the next five years, contributing 81% of the consumption growth in China according to CTR.
Chinese netizens' consumption behavior will be more rational, and they will pay more attention to style and dare to taste new, new and advanced consumption. Personalized demand has prompted more niche brands to enter the mall, and personalized demand has driven the transformation of traditional industries.
Relying on developed online mobile payment technology and offline logistics facilities, taking the government's dual-innovation policy and China's venture capital express, the "China model" of sharing the economy is also taking shape.
In the next five years, unmanne...
Already subscribed? Sign in.
Don't Miss Out.
Invest with as little as one bottle of water per week.
Join other top analysts and business executives and navigate the unique market with China Internet Watch.
Cancel at any time