Consumers in smaller cities and rural areas now spend about 70 to 75 per cent of their annual disposable income. Photo: May Tse
Consumers in smaller cities and rural areas now spend about 70 to 75 per cent of their annual disposable income. Photo: May Tse

Can China’s emerging cities help counter the economic slowdown and US-China trade war?

  • Retail sales growth in lower-tier cities have posted double-digit growth in the past few years compared with larger cities like Shanghai, Beijing and Guangzhou
  • Companies are focusing on growing sales in emerging regions, but they are only likely to alter the national consumption picture in the long term

Consumers in smaller cities and rural areas now spend about 70 to 75 per cent of their annual disposable income. Photo: May Tse
Consumers in smaller cities and rural areas now spend about 70 to 75 per cent of their annual disposable income. Photo: May Tse
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