Bullish on China's Lower-Tier Cities
May 25, 2018Driven by a population boom, higher household incomes and more eagerness to spend, consumer spending in China's lower-tier cities could soon fuel two thirds of the rise in national consumption.
Urban population growth, improved transportation and increases in disposable incomes could triple consumption levels in China's smaller cities by 2030. Big implications for consumer goods and services, transportation, entertainment, travel and financials.