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Many well-known international pet manufacturers have landed in China to seize the huge opportunities of China's pet economy. Domestic pet industry has also quietly moved, Nuggets pet economy. The rise of China's pet industry is made up of many factors in Chinese society.
First of all, China's family planning policy and the aging of the population have changed people's living habits. The reduction in family size has greatly increased the demand for pets. Children regard pets as their partners. When they grow up and become families, pets become their parents' spiritual sustenance. Some professionals even put forward the idea of "a pet half", which shows the importance of pets to the Chinese at this stage.
Secondly, people's ideas have changed. Pets are becoming more and more regarded as their partners - especially urban residents, who have higher disposable income and are willing to spend more money on pets. China's society is undergoing an unprecedented transformation, and interpersonal relationships are more complicated than ever before. Therefore, many people rely on pets to eliminate loneliness and relax themselves.
Finally, the popularity of pet living prices has accelerated the process of Chinese pets entering families. A few years ago, the price of pets valued at 10000 yuan has dropped to nearly 1000 yuan or even several hundred yuan, and the return of this kind of living price is precisely the fuse for the boom of pet families.
The number of pets in China will continue to maintain high growth, thus creating new business opportunities for the profitable pet industry. Researchers say that pet markets will enter a period of rapid growth when the per capita GNP exceeds US $3000. Many major cities in China have already reached this level, and some large cities, such as Beijing, Shanghai, Guangzhou and Shenzhen, have gone far beyond that level. Nowadays, typical Western life scenes with dogs are common in many cities in China. Pet products, from pet food, pet shampoo to pet toys, are increasingly appearing on shelves of major supermarkets.
The prosperity of the pet market is only the beginning of the rise of China's pet economy.
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