Chinese consumer market’s rising tide cannot be turned back
Can China develop a coherent, vibrant internal market and break its dependency on large state-owned industries? The country has made substantial progress over the last 20 years, says GIS Guest Expert Professor James Woudhuysen, and despite current concerns about the stability of its economy, there are good reasons to believe it will continue to do so.
Retail sales growth in China is accelerating again after a slowdown, and over the longer term the shift in consumer tastes toward Western-style goods will continue. Domestic producers of goods and services are learning to cater to those preferences and to compete on branding and design rather than just price.
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.