Market Intelligence

As China’s top megacities grapple with slowing growth, the country’s smaller cities and towns are fast becoming the new engines of consumer spending. In 2024, household consumption in many Tier-3 and Tier-4 cities grew by 3–5%, even as Tier-1 hubs like Beijing and Shanghai saw outright declines in retail activitybain.com. This reversal – lower-tier cities outperforming their…

Shanghai – September 19, 2025: China’s electric vehicle revolution is charging forward at breakneck speed – but infrastructure and regional adoption gaps threaten to stall momentum. Electric vehicles (EVs) comprised 37% of new car sales in 2023, up from just 6% three years priorautovista24.autovistagroup.com. Surging demand, fueled by aggressive automaker competition and government subsidies, has made China…