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China is the world’s second-largest economy and the service industry is becoming a major employer, contributing more than 60 percent to increased tax revenue and leading the country’s GDP growth. Last year, China’s tertiary sector companies, saw stronger profit growth in the first three-quarters thanks to rising demand for services and steady rising prices (…
McDonald’s China coffee brand McCafé announced that it will invest 2.5 billion yuan in the next three years to accelerate its expansion in the Mainland China coffee market. By 2023, there will be more than 4,000 McCafé shops in China. ”The Chinese coffee market is booming. Consumers understand and love coffee better. Today, we are…
How to target Chinese bitcoins? First of all, what is Bitcoin? Bitcoin is a digital currency created in January 2009 as a consequence of the housing market crash. It was created by one or more hackers under the pseudonym Satoshi Nakamoto. Unlike other currencies, Bitcoin does not have a central bank behind it that distributes new money…
Unprecedented growth in china’s milk consumption in 2020 According to research by Euromonitor International, China is the second-largest dairy market after the United States. But it is estimated that by 2022 it will reach the United States becoming the largest dairy market in the world. With the development of China’s economy and the rise in…
The rise of the middle class in China has changed the consumption landscape patterns in China offering incredible growth opportunities to many industries such as the furniture market. The furniture industry is also benefiting greatly from the rise of eCommerce in China by offering to consumers the option to get rid of the complicated logistics…
Today China is a huge market, and in recent years, it is reigning as the world’s top mobile market, which reflects great opportunities for apps all around the world. The number of mobile phone in China has been skyrocketing since 2011, reaching a record high number of more than 1.25 billion users in April 2014….
China is the most promising education tourism market With 662,100 Chinese students who went overseas in 2018, China is the biggest outbound education tourism market. The number increased by 11.74 percent compared to the previous year. The number of Chinese students going abroad to study keeps increasing. According to the Ministry of Education of China,…
Supermarkets in China are becoming more and more prevalent. Most of these chains have shares held by foreign investments and only a few of them are fully domestic. China’s grocery retail market was forecast to grow by 32.6% by 2022. However, grocery retailers in China have been facing hard situations. There are a lot of…
Among the wide choice of products for adults in China, lingerie is THE women’s favorite. They love lingerie and especially high-quality lingerie, bikinis, and panties from foreign brands. More generally, Chinese people are adopting a Western lifestyle and culture. And this translates into the purchase of foreign brands’ products! Of course, lingerie, bikinis, and panties…
Breakfast cereal market is blooming in china Local or imported cereals for breakfast or lunch in China are becoming very popular. Even if the cereal market remains a small part of the total breakfast market, its growth potential is huge and it’s only the beginning of the cereal market in China! Western habits are more…
China’s urbanization rate is among the highest in the world. The country is getting more modern through the years and is even better than developed countries in several sectors (online payment, supply chain efficiency, omnipresent e-commerce, …). But this fast development asks to be supported by a constant adaptation both in people’s everyday lifestyle and…
You want to find sellers and distributor for your Sport and Fitness Products in China in 2022, good news , this article is for you. How sport became in a few years a big opportunity in China? Since China hosted the 2008 Summer Olympics, Chinese people gave more importance to sport and health. So much…
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