China’s wealthy are spending a quarter of their budget on health
20-Sep-17, Jing Daily
As average Chinese families get wealthier, they seek more from their luxury consumption than the mere ability to show off. One increasingly apparent dimension to Chinese consumers’ understanding of new luxury is the rise of athleisure.
%20%20Shutterstock_imtmphoto.jpg "Chinas wealthy are spending a quarter of their budget on health (c) Shutterstock imtmphoto")
Image: Shutterstock / imtmphoto
A new study by the Hurun Report and the Shenzhen Catic Wellness Group reveals that wealthy Chinese consumers are spending about one-fourth of their family’s budget each month on healthcare and fitness which encompasses fitness classes and healthcare products. The study was based on a survey of 500 wealthy individuals in 11 major Chinese cities whose average personal fortune is CNY24 mn (USD3.6 mn).