According to a survey conducted in November 2022, more than 30 percent of the respondents in China had spent less on non-essential items compared to a year ago, with 43 percent of the respondents reporting a decline in spending on luxury goods. On the other hand, over 30 percent had spent more on staples. However, the increase in essential expenditure was mostly under 50 percent.
Changes in the spending patterns of Chinese consumers over the past year as of November 2022, by category
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Deloitte. (March 3, 2023). Changes in the spending patterns of Chinese consumers over the past year as of November 2022, by category [Graph]. In Statista. Retrieved January 07, 2025, from https://www.statista.com/statistics/1445154/chinese-consumer-spending-pattern-changes-by-category/
Deloitte. "Changes in the spending patterns of Chinese consumers over the past year as of November 2022, by category." Chart. March 3, 2023. Statista. Accessed January 07, 2025. https://www.statista.com/statistics/1445154/chinese-consumer-spending-pattern-changes-by-category/
Deloitte. (2023). Changes in the spending patterns of Chinese consumers over the past year as of November 2022, by category. Statista. Statista Inc.. Accessed: January 07, 2025. https://www.statista.com/statistics/1445154/chinese-consumer-spending-pattern-changes-by-category/
Deloitte. "Changes in The Spending Patterns of Chinese Consumers over The past Year as of November 2022, by Category." Statista, Statista Inc., 3 Mar 2023, https://www.statista.com/statistics/1445154/chinese-consumer-spending-pattern-changes-by-category/
Deloitte, Changes in the spending patterns of Chinese consumers over the past year as of November 2022, by category Statista, https://www.statista.com/statistics/1445154/chinese-consumer-spending-pattern-changes-by-category/ (last visited January 07, 2025)
Changes in the spending patterns of Chinese consumers over the past year as of November 2022, by category [Graph], Deloitte, March 3, 2023. [Online]. Available: https://www.statista.com/statistics/1445154/chinese-consumer-spending-pattern-changes-by-category/