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China is not only the world’s leading producer of eyeglasses but also the world’s largest consumer of glasses. From children to the elderly, all of them are consumers. According to Statista, more revenue is generated in the USA with a forecasted revenue of 4.66 billion USD in 2022 compared to 2.14 billion USD in China…
Although often overshadowed by the older generations, Chinese Gen Z consumers are quickly making their mark on the global jewellery market. And their taste in jewellery is evolving rapidly, influenced by a combination of factors including social media, globalisation and personal style. Here’s a closer look at how Chinese Gen Z consumers are changing the…
China is the 2nd largest economy in the world and has been one of the fastest-growing markets for children’s clothing. In China, parents are willing to spend more on kids’ clothes than they would for themselves because it reflects their social status. The global children’s wear market is expected to reach $326 billion by 2027….
For several years now, China is becoming unavoidable for most luxury brands in the world. In 2021, luxury sales in China will surely continue to grow. Regarding the global pandemic, China recovered from its aftermath compared to Europe and the USA which are still fighting. Even if the Chinese government was very restrictive regarding the…
What are the reasons for Chinese consumers taste for gold? Gifts and the desire of a high social and economic status are the main reasons why Chinese shoppers want to buy gold. There are several social and economic reasons that have boosted the gold sales in China. Since 2012, China outranked India as the largest…