China's unpatriotic consumers

At home, investment outpaces consumption; but abroad, wealthy Chinese are snapping up made-in-China products that are cheaper than at home.

China's unpatriotic consumers

As a share of China’s overall economy, domestic consumption has been on a declining trend for the past few years. At the same time, the country’s outbound tourists are increasingly spending more overseas.

Last year, Chinese shoppers spent Rmb300 billion $47.5 billion on goods in overseas markets through China UnionPay, China’s national debit card system. That was a 66.7% jump from the Rmb180 billion spent in 2010, according to Su Ning, chairman of Union...

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  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...