Seven faces of China's consumers

摘要

As China enters a new stage of development,consumption means more than a balancing of demand.Instead,it focuses on improving the quality of consumption and social welfare by building a digital economy,and supports economic development based on sustainable growth,with domestic demand leading the shift from high-speed growth to high-quality development.The rising of China’s middle class size and the persistence of high household savings rates,suggest that huge potential remains untapped.Reform of the social security system is accelerating and the birth policy has been relaxed,while improving people's lives has been a policy priority.