How China’s Consumption Will Quietly Explode

The author is ANZ greater China chief economist Liu Li-Gang China’s private consumption was around US$3.3 trillion in 2013, almost as large as Germany’s GDP. However, there is still huge room for Chinese consumption to grow at a fast pace. China’s private consumption represents only 36% of its GDP, compared to the world’s average of 60%.

Vipshop Leads $100M Series C In Lamabang.Com

Shenzhen-based maternal and infant social networking platform Lamabang.com has completed US$100 million series C financing led by online shopping site Vipshop, according to a company announcement. The round values the company at US$1 billion. Matrix Partners China, Greenwoods Asset Management Limited, and Morningside Ventures also participated in the financing.

Report: Chinese Consumption To Reach $6.4T In 2025

Chinese consumption is poised to surge from US$3.7 trillion in 2014 to US$6.4 trillion in 2025, resulting in US$56 trillion of cumulative spending over the next decade, according to a new report from The Demand Institute, a think tank jointly operated by The Conference Board and Nielsen.

China’s Consumer Market Projected To Reach $6.5T By 2020

Despite a slowing economy, China is projected to remain one of the world’s fastest-growing consumer markets, reaching US$6.5 trillion in annual private consumption by 2020, says a new research released by the Boston Consulting Group and AliResearch Institute, the research arm of Alibaba Group.