China'S Economic And Consumption Capacity Will Accelerate Growth
Many economists affirmed.
China's economy
And the rapid growth of consumption capacity.
The key themes are as follows:
China's economy grew by 8.7% in 2009 and is expected to continue to grow in 2010.
• 85% of Chinese are optimistic about the future.
China's economy is naturally from
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Transfer to service driven
Young consumers
Women are not negligible consumer groups.
The three and four tier cities will be the future growth areas.
As China meets the tiger year, its economic strength is stronger.
China is trying to become a world
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At the same time, big powers continue to stimulate domestic consumption. Recently, China has replaced Germany as the largest in the world.
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China has become the largest automotive market in the world, whether in production or in procurement.
Market optimism
85% of the Chinese are optimistic about the future and feel confident and supportive of the government.
However, there are also criticisms that the government has invested too much in infrastructure construction. Last year, the investment in this area was as high as 4 trillion yuan. If these funds are used to help enterprises, it will be quite beneficial.
But there are signs that the government intends to correct this in 2010.
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It will continue to be strong, with 20% of the country's economy coming from 2010.
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But the economy is moving from about twenty percent of the country's economy, and the country is moving from export oriented to service driven.
Senior depositors and young consumers
China has a savings rate of 40%, the highest in the world.
However, a further survey of the population shows that the residents of the age of 50 are much more concerned with spending and living than those of their elders.
In a survey of 5000 consumers aged 18-32, they are optimistic about the future and save less.
Even the new college graduates are quite optimistic, because finding an entry level job is relatively easy, especially in the two or three or four tier market.
The middle and upper level cadres at the age of 35-45 are not so optimistic.
They will consider companies' layoffs and welfare reduction.
Focus on the female market
The Chinese women's market has been neglected before, but this is not what it used to be.
The contribution of Chinese women to family income now accounts for 50%, which is expected to rise to 54% after 3 or 4 years.
Because of the one-child policy, girls in China are now as good as boys, and more and more women will become the mainstay of their families.
Women who have migrated to big cities will also subsidize their families, but some of them are already familiar with the city's life.
Chinese consumers, especially female consumers, will be a target market that many will focus on in the future.
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