Consumption in China: Ten Trends for the Next 10 Years
Chinas urbanization rate will continue to increase over the next decade, from 57% in 2016 to around 70% in 2027. However, we expect urbanization to occur differently than in the past, with the Chinese government spurring urbanization away from megacity centers toward newly established economic clusters, such as Xiongan New Area and the Yangtze River Delta city cluster.