With total consumer spending increasing by nearly 15% annually over the past few years, China’s domestic market is in the midst of a boom. As the country’s middle class expands, companies that sell consumer goods are poised to serve consumers with a broader array of high-quality products.
Richard Ho, a partner at Bain & Co. in Shanghai, identifies ten trends that will define the country’s emerging domestic market:
via The Top 10 Consumer Trends Defining China’s Emerging Domestic Market – AdAgeChina – Viewpoint.