ASIA: Growth in Chinese consumption.
In 2006 Credit Suisse conducted a survey amongst 2,700 respondents in 8 Chinese cities.
Further estimates state that Chinese consumption would grow to 8.6% by 2010 to be ranked third after the United States and Japan. The figure is estimated to be 21.8% by 2020 when the United States is estimated at 34.6%.
In 2006 China's consumption accounted for 5.4% of total consumption out of the major economies in 2006, ranking joint fifth with Italy, with the United States at 42%, Japan 11.1%, Germany 7.3% and Britain 6.6%.
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