china: The vigorous domestic consumption market has also continuously attracted foreign enterprises, according to Global Times China. Global Times reporters recently conducted exclusive interviews with representatives from foreign-invested firms in the retail sector, sharing their insights into China's consumption changes. Having become a driving force in China's economic development, consumption is set to remain a major supporting pillar as the nation pursues high-quality development and meets people's demands to pursue a better life. Graphics GT With China's economic development taking great strides over the 70 years since 1949, Chinese people's pockets have been filled with more money to spend. Data from the National Bureau of Statistics NBS showed that Chinese disposable income per capita stood at 19,853 yuan 2790.80 compared with 88 yuan in 1956 and 151 yuan in 1978, when the nation began its reform and opening-up. Demand is no longer for physical products alone, but is now also for various services including catering, tourism and culture.
(news.financializer.com). As
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