Business

Chinese consumers pay more, but expect more, too

By Elaine Kurtenbach
Published June 13, 2012 3:34am ET
Add Washington Examiner on Google
Chinese consumers pay more, but expect more, too
Shoppers exit a Burberry shop Wednesday, June 13, 2012, in Shanghai, China. Chinese consumers can afford to splash out more on higher quality products, but also expect better value for money than in the past, according to a study by the American Chamber of Commerce. (AP Photo/Eugene Hoshiko) | Eugene Hoshiko

SHANGHAI (AP) — Chinese consumers can afford to splash out more on higher quality products, but also expect better value for money than in the past, according to a study by the American Chamber of Commerce.

China’s consumer market is forecast to become the second largest in the world after the U.S. by 2015. Both Chinese and foreign companies are struggling to keep up as the market evolves, said the report, released Wednesday.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.