Chinese consumers demand high-end products  

中国消费新版图轮廓渐显 消费结构转变

虽然中国制造业相关数据近来持续疲软，但居民消费的稳定增长让经济运行总体平稳。伴随着民众消费需求的多元化以及消费升级趋势在各个领域的出现，中国消费新版图目前已轮廓渐显，并有望为经济增长提供长久动力。

Beijing (ECNS) -- The massive number of consumers in China are seeking a high-quality life by buying high-end products, said a report on China's consumption by Nielsen.

Today's consumers have multiple demands, said Kiki Fan, vice president of Nielsen China Retail Measurement Service, as they consider shopping a way to reward themselves and seek to attain a high-quality life through buying high-end products.

Lynn Xu, vice president of Nielsen China, said sales of high-end products account for 55 percent of all toothpaste and biscuit sales.

Nielsen found that consumers with moderate incomes are more likely to buy high-end products. About 47 percent of consumers with a monthly salary range of 10,000 to 30,000 yuan ($4,838) said they would save money to buy a luxury car worth 500,000 yuan or more.

The value of retail sales on Nov 11 last year, dubbed "Singles Day," reached $3 billion, a year-on-year growth of 253 percent, triple the sales of US Christmas shopping season, Nielsen data showed.

Chinese consumers have demanded high-end products since the 1990s. Experts said the trend will continue, creating a steady force for China's economy.