Customers flock to buy gold accessories in Taiyuan, Shanxi province. Urban incomes in China are now reaching a threshold where spending on both goods and services accelerates. Photo: Reuters

How China’s growing army of consumers will drive global growth

Chang Ka Mun and Jaana Remes say urban buyers in China, with their new-found means and willingness to spend, are set to be a force to reckon with as the nation transitions to a new economic model

Topic |   China economy

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Customers flock to buy gold accessories in Taiyuan, Shanxi province. Urban incomes in China are now reaching a threshold where spending on both goods and services accelerates. Photo: Reuters
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