👲The China Chic Culture

Growing fast at the speed of a Dragon

"By the end of 2022, the total assets of China's cultural industry was 31,594.5 billion yuan, up by 1,845.1 billion yuan from the end of the previous year with an increase of 6.2%." Reference: https://www.stats.gov.cn/english/PressRelease/202307/t20230704_1941010.html#:~:text=By%20the%20end%20of%202022,with%20an%20increase%20of%206.2%25. "One market survey1 on consumption behaviour estimates that the market value of the so‑called ‘China chic’ economy has grown steadily from RMB1,387 bn in 2019 to about RMB2,052 bn in 2023 – an annual growth rate of 9.4%. With the confidence of mainland consumers in domestic brands increasing, it is expected that this will exceed RMB 3,000 bn by 2028."

Reference:

https://research.hktdc.com/en/article/MTczMTc0NzI4MA