Below is a chart based on Credit Suisse data (re-created and adapted). It compares Chinese consumer spending to other emerging market consumer spending (India, Brazil, etc.). The big difference that jumps out is the savings rate in China. The high rate of Chinese savings is understandable. It’s cultural. They are precautionary savings. No social safety […]
China is the world’s biggest beer market. This is a frequently cited fact. So is the fact that Snow (drunk mostly in China) is now the world’s most popular beer by volume. In fact, three of the world’s top 10 beers are now Chinese (Snow, Tsingtao, and Yanjing). All very impressive. But it is worth […]
There are lots of articles about the aging of China – and about seniors as a massive consumer demographic. And this is true. According to the National Bureau of Statistics, in 2013 China had 190M people above 60 years old, about 13% of the population.. This demographic is expected to increase to 24% of the […]