Chinese Women to Drive $5.3 Trillion Consumer Boom, UBS Says

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Chinese Women to Drive $5.3 Trillion Consumer Boom, UBS Says

Bloomberg2021-09-10

Chinese women will be the main drivers of an expected $5.3 trillion boom in consumer spending over the next decade as their incomes rise, UBS Group AG said. Consumption growth through 2030 will be 80%...

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Limpek
·2021-09-10
Asian spending power
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That compares with a projected 19% for the U.S.</p>\n<p>Improving finances for women in China along with the rising share of single-person households, could also shift the consumption structure in the country, with more spending in sectors such as pets, healthy food and beer over other traditional consumer sectors, Peng wrote.</p>\n<p>“This should benefit international companies in luxury, cosmetics, sportswear, beer, auto, travel, lodging and leisure,” she said.</p>\n<p>However, higher education levels among women could negatively impact consumption growth, the research finds, suggesting females tend to invest more of their incomes.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese Women to Drive $5.3 Trillion Consumer Boom, UBS Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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That compares with a projected 19% for the U.S.\nImproving finances for women in China along with the rising share of single-person households, could also shift the consumption structure in the country, with more spending in sectors such as pets, healthy food and beer over other traditional consumer sectors, Peng wrote.\n“This should benefit international companies in luxury, cosmetics, sportswear, beer, auto, travel, lodging and leisure,” she said.\nHowever, higher education levels among women could negatively impact consumption growth, the research finds, suggesting females tend to invest more of their incomes.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":16,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}