The Evolution of China's Consumer Market in the Past Decade
Mar 04, 2020
New China is a world of cashless payments, electronic delivery lockers, smart logistics, new retail, sharing economy, short videos, KOLs, private domain traffic, social e-commerce, and much more.
A glimpse of state indexes
Over the last several years, China has embraced slower economic growth, which comes after a period of sustained economic development. Today economic growth in China is being driven by private consumption and services. Compared to the West, China's transition to a consumption-driven economic model is not yet complete. Further development and innovation will boost retail sales. One area that we expect to significantly contribute to growth is the integration of online and offline businesses.
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