China's Growing 'Singles Economy' Reshapes Consumer Spending Patterns
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China's Growing 'Singles Economy' Reshapes Consumer Spending Patterns

China's consumer market is undergoing a significant shift driven by a growing population of unmarried adults, now exceeding 240 million. This trend, fueled by rising marriage ages and increased permanent singlehood, is fostering a 'singles economy.' Retailers are seeing a surge in demand for compact, single-person household appliances and products, reflecting a move towards individual consumption rather than family-oriented spending.

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