Middle-class in China prove to be growing technology market

Global Business

If you want to sell a lot anywhere, you need to know your customers well, and you need to know your competitors too. That’s especially true when you’re doing business in the world’s second-largest economy. CCTV’s Mi Jiayi filed this report.

Middle-class in China prove to be growing technology market

Middle-class in China prove to be growing technology market

If you want to sell a lot anywhere, you need to know your customers well, and you need to know your competitors too. That's especially true when you're doing business in the world's second-largest economy.CCTV's Mi Jiayi filed this report.

Highlights:

  • More than 200 companies from 15 countries showcased their products at this year’s CES Asia.
  • More than 25,000 people came to see the latest technology on offer.
  • According to research company GFK, by 2030, the middle class in the Asia-Pacific region will be the majority consumers of middle-and-high-end electronic products.
  • Among the majority,  China will be the biggest market, with more than 70 percent of middle-class consumers wanting to spend their money on better technology.