Japan's economy shifted to lowspeed growth now China's GDP growth

mamunur568k

For example, consumers in firsttier cities may be more accepting of bold and avantgarde European and American products than consumers in third and fourthtier cities. style. Uniqlo, on the other hand, just has no style  it focuses on basic styles, simple and suitable for daily wear. It can be the daily equipment of people with an annual salary of millions, or it can also be the costeffective choice for young people in small towns. If Uniqlo like this enters third and fourthtier cities, can it bring a new vitality of fast fashion to young people in small towns? Reproduce Japan’s growth miracle? In fact, the current stage of China's sinking market has many similarities with Japan's from the s to the s.


According to the China Merchants Securities report, the current per capita GDP level, urbaniza Armenia WhatsApp Number tion rate, and population structure of China's sinking markets thirdtier cities and below are similar to those of Japan. ① In terms of per capita GDP, the per capita GDP of China’s sinking market is similar to Japan’s per capita GDP in After the oil crisis broke out in the s, is also showing a slowdown. China Merchants Securities estimates that the per capita GDP of China's sinking market in will be approximately US,, which is  of the per capita GDP of the entire population, close to Japan's per capita GDP level in US thousand.





Source China Merchants Securities ② In terms of urbanization rate, China is currently equivalent to Japan’s level in China's urbanization rate in will be . Since migrant workers are not included in the statistical scope of urban population, the urbanization rate will be underestimated. After adjustment, China's urbanization rate in will be approximately , similar to Japan level. Source China Merchants Securities ③ In terms of population structure, China's current sinking market and Japan in the s are both in the stage of population growth. In , China's population will experience negative growth for the first time, but the birth rate in sinking markets is higher than that in first and secondtier cities, and the overall population is still showing a growth trend.