According to a survey conducted in China at the end of 2023, around 53 percent of respondents said they planned to increase their spending on education within the next 12 months. In comparison, over 30 percent of respondents expected to reduce spending on home appliances, alcohol and tobacco, or consumer appliances.
Planned changes of spending or behavior among consumers in China as of the end of 2023, by product category
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McKinsey & Company. (July 9, 2024). Planned changes of spending or behavior among consumers in China as of the end of 2023, by product category [Graph]. In Statista. Retrieved January 05, 2025, from https://www.statista.com/statistics/1497686/china-expected-changes-of-spending-by-category/
McKinsey & Company. "Planned changes of spending or behavior among consumers in China as of the end of 2023, by product category." Chart. July 9, 2024. Statista. Accessed January 05, 2025. https://www.statista.com/statistics/1497686/china-expected-changes-of-spending-by-category/
McKinsey & Company. (2024). Planned changes of spending or behavior among consumers in China as of the end of 2023, by product category. Statista. Statista Inc.. Accessed: January 05, 2025. https://www.statista.com/statistics/1497686/china-expected-changes-of-spending-by-category/
McKinsey & Company. "Planned Changes of Spending or Behavior among Consumers in China as of The End of 2023, by Product Category." Statista, Statista Inc., 9 Jul 2024, https://www.statista.com/statistics/1497686/china-expected-changes-of-spending-by-category/
McKinsey & Company, Planned changes of spending or behavior among consumers in China as of the end of 2023, by product category Statista, https://www.statista.com/statistics/1497686/china-expected-changes-of-spending-by-category/ (last visited January 05, 2025)
Planned changes of spending or behavior among consumers in China as of the end of 2023, by product category [Graph], McKinsey & Company, July 9, 2024. [Online]. Available: https://www.statista.com/statistics/1497686/china-expected-changes-of-spending-by-category/
