“With fast rising wealth and money to spend, it’s no surprise the Chinese are in a buying frenzy. China’s consumer spending is growing at an average annual rate of 18 percent compared to 2.2 percent rise for the US, according to the National Bureau of Statistics.
While some of their purchases are just plain glitzy, studies and research from organizations like the United Nations, Eurmonitor and McKinsey & Co. show that Chinese consumers are displaying great consciousness for bettering themselves and their planets.”
The preceding quote is from the latest “DFS Learning e-Blast” article, “Top 10 Consumer Trends of China’s Wealthy”, by Rajeshni Naidu-Ghelani.
In this July 28 2011 article on CNBC, the author discusses where the Chinese wealthy are focusing their purchases.
As a follow up to last week’s article which covered the more detailed McKinsey 2011 Chinese Consumer Spending Survey, today’s article provides headlines of the major consumer trends.
More from the article:
“Some consumer trends in China are well known, such as the increasing demand for luxury goods, but others may surprise you. CNBC.com put together a list of 10 major consumer trends, including the companies and sectors they have the potential to profit from them. The list is based on studies and reports from international organizations such as the United Nations, the U.S. Department of Agriculture, and research firms including Euromonitor International and McKinsey & Co.”
Read the short article to learn more!
Mike Osorio, your Dare to be Contagious™ strategist
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