同海大学 Opportunities for Startup:The consumer market TONGJI UNIVERSITY Opportunities for Startup:the world's most intriguing consumer market China offers today the world's most rapidly growing and one of the most attractive comsumer markets. Although only accounting for approximately 4%of global retail sales, China accounts for approximately 20%of global growth. Share of Household Country Year Consumption in GDP Consumer spending accounts EU 1995-2010 55%-58% for:70%of US GDP,60%of India GDP,but only 35%of the Chinese US 1980-2010 65%-70% GDP in 2013. Japan 1980-2010 55%-60% China 2001-2010 40-33%Opportunities for Startup: the world's most intriguing consumer market • China offers today the world's most rapidly growing and one of the most attractive comsumer markets. • Although only accounting for approximately 4% of global retail sales, China accounts for approximately 20% of global growth. • Consumer spending accounts for: 70% of US GDP, 60%of India GDP, but only 35% of the Chinese GDP in 2013. Country Year Share of Household Consumption in GDP EU 1995-2010 55%-58% US 1980-2010 65%-70% Japan 1980-2010 55%-60% China 2001-2010 40-33% Opportunities for Startup: The consumer market