China's 75 years of consumer spending showcases growth of affluence
[ad_1]
Editor’s Note: CGTN has launched a special series of animated shorts called China By Numbers in celebration of the 75th anniversary of the founding of the People’s Republic of China, showcasing China’s remarkable achievements in consumer spending, per capita income growth, the marine economy, agricultural modernization and more recently, clean and low-carbon transformation.
After 75 years of development, the Chinese society has transitioned from merely having enough to eat to enjoying a rich diet, with the standard of living continuously improving. In 2023, China’s per capita consumption reached 26,796 yuan ($3,820), a 536-fold increase from 1949! What does this mean?
Check out this animated video to see how the country’s consumer power has grown over the decades!
[ad_2]
Source link