www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / View

China's consumers will continue to surprise the world: experts

(Xinhua) Updated: 2015-05-06 09:14

WASHINGTON - Chinese consumers will continue to increase in wealth and complexity, and fears about the country's slowing economy are overblown, experts said.

Many people who worry about economic rebalancing in China focus only on the low share of household consumption of gross domestic product (GDP) instead of getting the big picture of China's consumer story, said Jeffery Towson, a managing partner of the investment firm Towson Capital, and Jonathan Woetzel, a director in McKinsey's Shanghai office, in a recent article published on the website of McKinsey.

"Regardless of its relative percentage of GDP, China's consumption has been growing faster than just about any other country's in absolute terms," they said, adding that China's consumption grew from around $650 billion in 2000 to almost $1.4 trillion?in 2010.

Given the size of China's consumption, it would "create the largest consumer market in the world" and "have a huge impact on rebalancing," if the consumption share of GDP just rises back to 43 percent in 1995 from 34 percent in 2013, they said.

In other words, the low consumption ratio does not mean China's consumption is weak. On the contrary, China has experienced dramatic consumption growth in the past decade.

Particularly, the rising discretionary spending, which refers to money spent on non-essential purchases, made the experts more optimistic about the country's potential tremendous purchasing power.

"Chinese citizens are now moving beyond being able to only afford the basics of life, and their discretionary spending is taking off," they said, adding that Chinese people "seem to have an endless appetite for everything from entertainment to skiing to caffe lattes."

Discretionary spending in China is expected to grow more than 7 percent a year between 2010 and 2020, faster than spending on actual necessities, which are estimated to grow around 5 percent a year, according to the experts.

What's more important, China's household income is now likely above $5 trillion a year, much higher than household income of other developing economies such as Brazil and India, they said.

Household income is a more important gauge of a country's future economic performance, as "you can't have consumption without income," they added.

With GDP growth slowing while household income and consumption remain robust, there is no doubt that the consumption share of GDP in China will increase in the future.

"China has an awesome consumer story," they said. "It may be volatile. It's also somewhat unpredictable. But you just don't get a consumer story this good anywhere else."

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 免费播放欧美毛片欧美aaaaa | 久揄揄鲁一二三四区高清在线 | 一区二区三区网站在线免费线观看 | 日韩高清在线播放不卡 | 加勒比一区二区 | 国产精品久久久一区二区三区 | 男女性高清爱潮视频免费观看 | 亚洲欧美国产一区二区三区 | 国产精品区一区二区免费 | a一级网站| 欧美黑粗特黄午夜大片 | 爱呦视频在线播放网址 | 色香欲综合成人免费视频 | 2022国产精品自拍 | 中文字幕人成乱码在线观看 | 一区二区三区免费观看 | 在线观看 a国v | 9191久久久久视频 | 成人欧美一区在线视频在线观看 | 欧美高h视频| 成人a级高清视频在线观看 成人a毛片 | 全黄性高视频 | 宅女福利视频在线看免费网站 | 亚洲国产精品久久日 | 日本高清色本在线www游戏 | 国产精品线在线精品国语 | 特级a做爰全过程片 | 国产无卡一级毛片aaa | 韩国毛片在线 | 欧美日本免费观看αv片 | 国模午夜写真福利视频在线 | 91精品免费国产高清在线 | 最新版天堂资源中文官网 | 97久久草草超级碰碰碰 | 免费一级欧美大片久久网 | 欧美视频在线观看网站 | 久久视频在线 | 日韩毛片免费线上观看 | 亚洲人成人毛片无遮挡 | 亚洲人成影院午夜网站 | 天干天干天啪啪夜爽爽色 |