10 affluent Chinese consumption trends
Alick Zhou
To exploit the huge growth in luxury consumption, brands should target the under-30s with goods that have a Chinese element, explains Alick Zhou of Ipsos Greater China
Currently, there are 52 million middle-class families in China. It is estimated that this figure will increase to 98 million by 2015. Moreover, while there were 1.6 million well-off families in China in 2008, the figure is estimated to reach four million by 2015. China will rank fourth in the world, after the US, Japan and the UK when it comes to the number of well-off...