Forward Thinking

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China’s consumers shake the (retail) world

Posted by Oxford Economics on Feb 22, 2018 2:18:15 PM

Chinese consumer market to overtake America’s by 2034

“Let China sleep, for when she wakes, she will shake the world.” The cautionary words of Napoleon have echoed ever more powerfully as China’s economic and political power has burgeoned over recent decades.

And with the seismic impact of the world’s most populous nation set to resonate ever more strongly than ever in coming years, in few areas of life will those reverberations be felt more than in the rise of China’s consumers as a global force.

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Topics: Consumption, China, Consumer spending, Retail, Luxury goods, Online retail, Travel, Tourism, Healthcare services, Asia, Household wealth, Living standards, Emerging markets

Urban power shifts east as Asian cities’ economies burgeon

Posted by Oxford Economics on Dec 22, 2017 9:28:20 AM

China’s cities’ GDP to double, and will outstrip Europe’s and North America’s by 2035. But New York, Tokyo, London and LA to stay as world’s urban superpowers as Shanghai closes in.

The world is ever more urban. The top 780 global cities already produce almost 60 per cent of all world economic activity, and they are set grow in importance as urbanisation continues.

By 2035, these cities will be home to almost half a billion additional people with their GDP rising by $32 trillion (constant 2015 prices and exchange rates).

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Topics: Cities, Urbanisation, Urban development, Economic development, Asia

Asian Cities & Regions Outlook December 2016

Posted by Oxford Economics on Dec 6, 2016 4:43:06 PM

Delhi is fastest emerging city, Brisbane fastest advanced 
Indian cities feature strongly amongst the fastest growing Asian cities in the period to 2020, with Ho Chi Minh City also standing out, and Chinese cities having to adapt to a more service sector reliant growth model. The advanced economy cities face challenges from their emerging rivals, with a marked contrast between Japan’s sclerotic cities and rivals such as Seoul and Singapore. 

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Topics: Asia, Cities

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