日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Policies

Imports, foreign labels popular amid consumption upgrade

By FAN FEIFEI | China Daily | Updated: 2022-07-28 09:18
Share
Share - WeChat
Consumers browse cosmetics at a duty-free store in Haikou, Hainan province, on June 18. [Photo by Wang Chenglong/For China Daily]

People in China are seeking more exquisite high-end consumer goods with their spending on both imports and foreign brands continuing to be a key driver for consumption upgrade, according to a new report from e-commerce giant JD's Consumption and Industry Development Research Institute.

The country's consumer goods market is gaining growth momentum fueled by better containment of the COVID-19 pandemic and a series of stimulus measures to spur consumption, industry experts said, adding that the recovery of spending sentiment will inject strong impetus into the global economy.

The report, which was released during the ongoing second China International Consumer Products Expo, said young people aged between 26 and 35 are the major demographic eyeing imports and foreign brands, accounting for nearly half among all age groups.

In addition, consumers between 46 and 55 have evinced increasing enthusiasm for overseas brands, as their spending on imports increased 283 percent in 2021 compared with that in pre-COVID 2019.

Mobile phones, computers, maternal and infant commodities, beauty and skincare products, and home appliances are the most favored categories by Chinese consumers among all imported products, the report noted. For instance, sales of foreign-branded mobile phones accounted for more than 30 percent of all imported goods in the first half.

Moreover, the top five countries for imported products are the United States, Japan, France, Germany and Switzerland. Many consumers are now purchasing more products from JD's online marketplaces due to contagion-related international travel restrictions.

Generation Z consumers, those born between the mid-1990s and the early 2010s, are more willing to buy watches, eyeglasses, jewelry and digital products from international brands, whereas senior shoppers favor food, beverages, clothing and adult beverages, according to the report.

In the first half, consumers from first and second-tier cities accounted for 55 percent of the sales of imported consumer goods. Meanwhile, rising interest in foreign brands has also been seen in rural areas. According to JD sales data, the transaction volume of global-branded products generated from rural areas grew 174 percent in 2021 compared with that in 2019.

The report also showed that consumers from Guangdong province, Beijing, Jiangsu province, Shanghai and Zhejiang province purchased the most foreign brands, with 20 percent of such purchases coming from Guangdong alone.

China's cross-border e-commerce sector has been growing exponentially over the past few years as the country's middle and high-income shoppers are demanding increasingly diversified and personalized products and services. The Ministry of Commerce said total imports of consumer goods reached 1.73 trillion yuan ($255.7 billion) in 2021, up 9.9 percent year-on-year.

"In the long run, the strong resilience and immense potential of consumption will remain unchanged, and consumption will play a bigger role in driving economic growth," said Wang Yun, a researcher with the Academy of Macroeconomic Research, adding that Chinese shoppers are pursuing high-quality and diversified products, given their steady income growth.

"With expanding domestic demand and advances in emerging retail technologies, China has introduced preferential policies, such as lowering import taxes and expanding the range of goods allowed to be imported. This has prompted a surge in cross-border e-commerce imports despite the COVID-19 pandemic, underlining a period of rapid growth for China's imported goods market," said Zhang Tianbing, head of Deloitte Asia-Pacific's consumer products and retail industry.

Zhang said overseas brands are moving to cross-border e-commerce platforms as they expand their distribution channels in light of COVID disruptions to offline retail.

The number of imported stock keeping units or SKUs surged 51 percent on a yearly basis in the first six months, and the transaction volume of more than 400 brands through JD Worldwide-the company's cross-border e-commerce platform-skyrocketed by more than 100 percent during this year's June 18 online shopping festival, JD said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 亚洲欧美日韩在线一区二区三区 | 极品尤物一区二区三区 | 99这里只有精品6 | 韩漫重考生漫画画免费读漫画下拉式土豪漫 | 免费网站观看 | 国产精欧美一区二区三区 | 欧美一级夜夜爽www 美女污视频网站 | 伊人狠狠丁香婷婷综合色 | 国产香蕉视频在线 | 春宵福利网站在线观看 | 美女扣下面流白浆丝袜 | 奇米777狠狠 | 国产高清无专砖区2021 | 日本道在线视频 | 欧美成人伊人久久综合网 | 国产综合精品久久亚洲 | 国内自拍视频在线观看 | 91电影 | 午夜影视| 久久久人成影片免费观看 | 国产精品久久久久无码av | 日韩啊啊啊 | 99国产精品久久久久久久成人热 | 色婷婷国产精品欧美毛片 | 色综合久久98天天综合 | 国产成人精品久久二区二区91 | 久久三区 | 奇米777四色影视在线看 | 久久国产亚洲观看 | 99热这里 | 国产欧美一区二区三区另类精品 | 波多野结衣中文字幕视频 | 日韩欧美一二三区 | 亚州天堂网 | 天天干天天干 | 97视频免费在线观看 | 欧美激情欧美激情在线五月 | 一区二区三区在线播放 | 国产正在播放 | 国产淫视 | 拍拍拍无挡免费视频网站 |