Chinese Cities Lead the Way in Average Household Spending Growth
With Ugne Saltenyte – City Analyst
Six out of the top ten leading cities for household spending growth in 2014 are located in China. The country’s rising income levels are creating ideal conditions for spending increase, and businesses in these cities are likely to find growing opportunities for sales in sectors such as communication, education and health goods and services. The top 10 growth cities for household spending will see their average spend expand by 5 to 10 percent in 2014, compared to a worldwide expansion of just 1.2 percent.
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