1. LINE

      Text:AAAPrint
      Economy

      Consumption patterns changing

      1
      2016-10-12 09:31China Daily Editor: Xu Shanshan ECNS App Download
      Tourists select cosmetics at Sanya Haitang Bay International Shopping Mall.(Photo by Huang Yiming / China Daily)

      Tourists select cosmetics at Sanya Haitang Bay International Shopping Mall.(Photo by Huang Yiming / China Daily)

      According to official statistics, China's tourism income increased to 482 billion yuan ($72 billion) and the sales volume reaped by its retail and catering enterprises amounted to 1.2 trillion yuan during the just-concluded seven-day National Day holiday, an increase of 14.4 percent and 10.7 percent year-on-year.

      The steady growth in the domestic consumption market over the past years has resulted in China's economic structure becoming more services-oriented, and personalized, differentiated, diversified and high-end consumption has become ever more popular.

      As a result, the service sector is playing an increasingly important role in China's economic growth. In the first half of 2016, final consumption contributed 73.3 percent to the country's GDP growth and the tertiary industry accounted for 54.1 percent of GDP. The growth of services has become particularly obvious with the government accelerating urbanization.

      Thus, in its effort to push for the supply-side reform, the country should not ignore the need to boost the fast-growing service sector, given that there is now enormous demand in China for services, such as those services related to education, healthcare and tourism.

      As people's incomes are rising, consumers are eschewing cheap and low-end consumer goods or services in favor of healthcare and higher-quality services. This can also explain why the consumption of such fast moving consumer goods as instant noodles and beers has been continually declining in China in recent years while sales of organic food, bottled water and medicines have witnessed a steady rise.

      At a time when industrial sectors reliant on resources are having to say farewell to the days of exorbitant profits and when consumption-related sectors are flourishing, the government and enterprises should make the necessary adjustments so as to be prepared for the new era. In a market of 1.3 billion people, those that cater to people's changing demands will be the final winners in the market.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 波多野结衣视频在线免费观看| 1000部免费啪啪十八未年禁止观看| 国产成人免费网站| 亚洲av丰满熟妇在线播放| 日韩在线观看免费完整版视频| 亚洲Av无码专区国产乱码DVD| 国产亚洲精品仙踪林在线播放| 成人爽A毛片免费看| 亚洲国产精品综合久久20| 6080午夜一级毛片免费看6080夜福利| 久久久久久久尹人综合网亚洲| AAAAA级少妇高潮大片免费看| 91短视频免费在线观看| 亚洲自偷精品视频自拍| 免费国产污网站在线观看15| 91亚洲自偷手机在线观看| 精品熟女少妇a∨免费久久| 亚洲精品福利在线观看| 添bbb免费观看高清视频| 免费大香伊蕉在人线国产 | 在线播放免费播放av片| 亚洲人成色4444在线观看| 成人毛片18女人毛片免费| 成人婷婷网色偷偷亚洲男人的天堂 | 亚洲成在人线在线播放无码| 精品久久免费视频| 一本久久免费视频| 国产成人亚洲精品青草天美| 四虎影视成人永久免费观看视频| 337p欧洲亚洲大胆艺术| 国产成人无码免费看视频软件| 在线精品自拍亚洲第一区| 国产av无码专区亚洲国产精品| a级毛片无码免费真人久久| 337p欧洲亚洲大胆艺术| 午夜免费福利在线| 中文字幕成人免费高清在线| 亚洲欧洲一区二区| 全免费一级午夜毛片| 国产精品极品美女自在线观看免费| 亚洲AV成人片色在线观看|