How ‘China chic’ young adults are making economic statements with glow-ups
- Consumer trends could also reflect challenges for foreign brands that are trying to cash in on China’s huge middle class
More than half of China’s online shoppers have purchased trendy Chinese brands, and the picks of young adult shoppers reflect a reshaping of the world’s second-largest market for consumer goods, according to new findings.
Around 530 million internet users favour China-made products following the trend of “guochao”, or “China chic” trend, underscoring a significant market for homegrown goods that is awash with internet consumers, according to a report released by the China Internet Network Information Centre (CNNIC) on Friday.
“China-made trendy products” refer to local products that combine China’s advanced manufacturing technology and trendy design - usually dubbed “Chinese fashion trend” - including clothing, footwear, beauty products, electronic products and automobiles.
The inward-facing consumer trend naturally reflects a challenge for foreign brands that strive to cash in on China’s 400-million-strong middle class.
The report stated that 230 million people, or 25 per cent of online shoppers, used online channels to buy green and energy-saving products in the past six months, according to the report.
During the “618” shopping festival - an online event last month with big discounts - Chinese brands occupied six spots among the top-10 brands in terms of online retail sales, the report indicated.
