Meet the 2020 Chinese Consumer

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Since 2005, McKinsey has conducted annual consumer surveys in China, interviewing in total more than 60,000 people in over 60 cities.1 The surveys have tracked the growth of incomes, shifting spending patterns, rising expectations— sometimes in line with the respondents’ western counterparts and sometimes not—and the development of many different consumer segments. Those surveys now provide insights to help us focus on the future. We cannot, of course, predict it with certainty. And external shocks might confound any forecast. But our understanding of consumer trends to date, coupled with our analysis of the economic and demographic factors that will further shape these trends in the next decade, serve as a useful lens through which to contemplate 2020.
Report - Meet the 2020 Chinese Consumer
Behaviour: Consumers
Language: EN - English
Country: China