Biz
    Domestic spending to hit 12t yuan
    2009-Oct-12 08:02:19

    Consumer spending is expected to increase by 50 percent in China's top 25 cities in the next five years due to a rapid increase in the country's per capita disposable income, according to a new report from the global consulting firm McKinsey & Company.

    The report, released earlier last month, based its findings on the company's annual survey of 606 of China's 815 cities.

    The report estimated that per capita spending in China's urban areas will rise to 16,000 yuan ($ 2,343.64) per year in 2015, up from 10,000 yuan in 2008. The volume of domestic consumer spending is expected to total 11.7 trillion yuan.

    "We anticipate consumption growth in China to keep pace with GDP in the coming years, at a 10 percent compounded annual growth rate (CAGR) by 2012," said Max Magni, partner and head of McKinsey's consumer practice based in Shanghai.

    However, there are variations in consumer spending increases among different cities, with Beijing and Yantai and Weihai of Shandong province having the highest CAGR of 10.2 per cent in 2008 to a projected 14.0 in 2015.

    Cities like Shanghai, Guangzhou and Shenzhen - with export-oriented economies - will have a CAGR as low as 6.5 percent during the same period, according to the report.

    Vinay Dixit, senior director of McKinsey's Asia Consumer Center, said export-dependent cities have suffered a harder blow from the global financial crisis, which means a longer recovery of consumer spending momentum.

    McKinsey recently released the findings of a separate survey of 15,000 people in 58 cities that showed lower consumer confidence in the wake of the financial crisis, particularly among low-income earners and those living in export-reliant regions.

    The consumer confidence index dropped to 86 points in March from 94.5 points in the same period last year.

     

    [Jump to ]
    Nation | Biz | Comment | World | Celebrity | Odds | Sports | Travel | Health
    ChinaDaily Mobile News
    m.chinadaily.com.cn
    To subscribe to China Daily, call 010-64918763 or email to circu@chinadaily.com.cn
    久久无码国产| 无码中文字幕av免费放dvd| 人妻丰满熟妇无码区免费| 中文日韩亚洲欧美字幕| 中国无码人妻丰满熟妇啪啪软件| 欧美日韩中文国产一区发布| 精品深夜AV无码一区二区| AV色欲无码人妻中文字幕| 亚洲精品无码日韩国产不卡?V| 亚洲AV无码一区二区三区系列 | 在人线AV无码免费高潮喷水 | 精品久久久久中文字幕日本| 2021无码最新国产在线观看| 丰满日韩放荡少妇无码视频| 韩国三级中文字幕hd久久精品| 中文字幕无码不卡在线| 国产啪亚洲国产精品无码| 国产激情无码一区二区app| 亚洲AV中文无码乱人伦在线观看| 无码精品A∨在线观看免费| 最近中文字幕电影大全免费版 | 狠狠精品久久久无码中文字幕| 中文字幕亚洲综合精品一区| 精品久久人妻av中文字幕| 亚洲熟妇中文字幕五十中出| 日韩精品无码一区二区中文字幕| 亚洲韩国精品无码一区二区三区| 久久无码高潮喷水| 国产成人无码AⅤ片在线观看| 亚洲色无码播放| 亚洲欧美精品综合中文字幕 | 最近2018中文字幕免费视频| 亚洲高清中文字幕免费| 亚洲午夜无码片在线观看影院猛| 久久亚洲AV无码西西人体| 国产精品无码无卡无需播放器| 国产AV巨作情欲放纵无码| 人妻系列无码专区久久五月天| 无码人妻精品一区二区蜜桃AV| 西西4444www大胆无码| 中文字幕在线观看有码|