Changing Future - NEW CONSUMERS
tHE RISING NEW PURCHASING POWER
New Industry, New Brand, New population!
Top 10 New Consumer Sectors
Suger Free Meal
Han Chinese costume
China is now the largest mobile payment market, about 3.2 times of US market and 3.8 times of other leading countries.
New Income sources and payment options translate into new purchasing power of ￥308 billion in 2017.
In 2017, Online shopping in China generated about $851 billion and was about 2.2 times size of US market. In 2019, total online shopping increased to $1.64 trillion at annual growth of 16%.
Online shopper in China has increased from 460 million in 2017 to 710 million in 2020.