Eager to spend millennials are new engines of China’s economy
China’s consumption expenditure is set to receive a substantial boost from millennials who are willing to spend, with beer, dairy and home appliances sellers seen as the biggest winners from this trend, according to market observers.
“Consumers born after 1980s have become the major buying force in China,” according to a Credit Suisse report written by analysts led by Charlie Chen. “They have much higher willingness to spend versus the older generation, as evidenced by a…
Source: China News
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