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前の投稿 - 次の投稿 | 親投稿 - 子投稿なし | 投稿日時 2019-3-13 15:20
Zhuyeqing  長老   投稿数: 224
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WASHINGTON Men's Nike Air Max Plus Mercurial TN Orange Black UK , May 5 (Xinhua) -- Chinese consumers will continue to increase in wealth and complexity, and fears about the country' s slowing economy are overblown, experts said.


Many people who worry about economic rebalancing in China focus only on the low share of household consumption of gross domestic product (GDP) instead of getting the big picture of China's consumer story, said Jeffery Towson Women's Nike Air Max 97 Ultra Metallic Gold UK , a managing partner of the investment firm Towson Capital, and Jonathan Woetzel, a director in McKinsey's Shanghai office, in a recent article published on the website of McKinsey.


"Regardless of its relative percentage of GDP Men's Nike Air Max 97 Ultra 17 White UK , China's consumption has been growing faster than just about any other country's in absolute terms," they said, adding that China's consumption grew from around 650 billion U.S. dollars in 2000 to almost 1.4 trillion dollars in 2010.


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In other words, the low consumption ratio does not mean China's consumption is weak. On the contrary, China has experienced dramatic consumption growth in the past decade.


Particularly Men's Nike Air Max 97 OG GS Black UK , the rising discretionary spending, which refers to money spent on non-essential purchases, made the experts more optimistic about the country's potential tremendous purchasing power.


"Chinese citizens are now moving beyond being able to only afford the basics of life, and their discretionary spending is taking off Men's Nike Air VaporMax Plus Sunset Black Orange UK ," they said, adding that Chinese people "seem to have an endless appetite for everything from entertainment to skiing to caffe lattes."


Discretionary spending in China is expected to grow more than 7 percent a year between 2010 and 2020, faster than spending on actual necessities, which are estimated to grow around 5 percent a year Men's Nike Air VaporMax Plus Grey Black UK , according to the experts.


What's more important, China's household income is now likely above 5 trillion dollars a year, much higher than household income of other developing economies such as Brazil, Russia and India Men's Nike Air Vapormax 2.0 Flyknit Grey Black UK , they said.


Household income is a more important gauge of a country's future economic performance, as "you can't have consumption without income," they added.


With GDP growth slowing while household income and consumption remain robust, there is no doubt that the consumption share of GDP in China will increase in the future.


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