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China slowdown offset by “high-speed” households: report

Posted ByJoe McCarthyOn In Apparel and accessories,Automotive,Consumer packaged goods,Featured,Food and beverage,Fragrance and personal care,Industry sectors,Jewelry,News,Research,Retail,Travel and hospitality | No Comments
Rosewood Hotel in Beijing Rosewood Hotel in Beijing

 

By Joe McCarthy

High-speed households in China are expected to account for 90 percent of the increase in consumer spending over the next five years, according to a new report by Boston Consulting Group.