Forces of change: Chinese consumer spending in 2016

This article explains how China's fast growing upper class, brand-savvy millennials and booming e-commerce sector are set to drive consumer spending trends in 2016.

Forces of change: Chinese consumer spending in 2016

Tom BrennanAlizila.com (Alibaba Group)

Investors across the globe are watching China's slowing economy with more than a little concern, but consider this stat from management advisory firm Boston Consulting Group: Even if China's GDP growth slows to 5.5 percent, which is a full point below the 6.5 percent government target, the country's consumer economy will expand by more than half to $6.5 trillion in 2020 from $4.2 trillion in 2015.

"Despite a slowing economy, China will remain one of the world's fastest-growing consumer markets for the foreseeable future," BCG researchers concluded...

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