
LONDON Jan. 7 (People's Daily Online)—— China-Britain Business Council (CBBC) released “China’s Middle Income Consumers” report today. It says China has 725 million urban dwellers whose household consumption will triple in the 10 years up to 2022.
Exports of goods and services to China from the UK have already passed £1bn per month, but UK business must stay competitive and informed to access arguably the most important demographic in the world, the CBBC warned. China is on a relentless drive towards a consumption-led economy, sparked largely by the trends of middle-income consumers, with new habits, fresh attitudes and eclectic lifestyles.
Stephen Phillips, chief executive, CBBC, said, “This report takes many of the commonly known perceptions of Chinese consumers, looks beyond the headlines, and offers practical advice on next steps to succeed in China. It is essential reading for companies in the fashion, retail, automotive, real estate, tourism, education and healthcare sectors.” (Bai Tianxing)
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