The Chinese Consumer: Deep Study of Economy, Expenditure & Products in Demand for the forecast period till 2021

Recently, the Chinese consumer sector is experiencing vital developments owing to the rise in conservative spending due to the slow economy and financial pressure, while yet craving for healthier and exciting lifestyles. Focusing on this remarkable change, a fresh study is included to the vast repository of Market Research Hub (MRH), with the title ‘’The Chinese Consumer Sector - April 2017‘’. The study aims to present a professional analysis of the key factors such as economy and shopping behavior; as well as the exhaustive study of the most favored products in China during the forecast period from 2016 to 2021.

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Currently, the Chinese consumers’ sectors online retailing is booming as people focus on smart shopping, by paying only for the higher value to enjoy premium food and leisure activities. The study begins by presenting an overview of the sector, alongside the applications and classifications. Later, the report focuses on the economy by evaluating the consumption-driven economy, annual GDP and growth rate as well as continued boom in online retailing. Furthermore, interesting information about the remarkable growth in overseas shopping is also available. By evaluating the expenditure overview and the Chinese people during the given forecast, the report enables in designing production according to the present market situation.

In the study, there is thorough analyzation of the products in demand considering some profitable parameters. Some of the factors seen in this section are the growth of the sector and key consumer findings. The top product categories include home food, eating out, takeaways, alcoholic, non-alcoholic drink, beauty, personal care, OTC, pharmaceuticals, clothing, technology, communication, household care, home, transport, leisure, entertainment, holiday, personal finance and housing. Under home food, the study evaluates topics such as stable growth, better options and proof of high quality. This study based on the demand under each category helps in choosing the right products.

Additional knowledge on consumers in terms of primary factors such as willingness to pay for well-known brands, the importance of holiday experience and the need for higher living quality are also available from this resourceful report. There is also interesting introspection on topics such as life pursuits, drivers for life quality and definition for good value for money; as well as the evaluation of the metropolitans in terms of brand, technology and individuality. The study also informs about the determination of a products’ value among shoppers considering price, quality, function and endurance. Such significant consumer-wise analysis enables in selling more products according to their dominant needs. This practical report regarding the in-depth study of Chinese economy and shoppers helps greatly in increasing revenues.

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This release was published on openPR.