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China is to Become the Largest Shoe Market in the World

Ⅰ、China is to become the largest Shoe Consuming Market According to international statistics, China has surpassed United States to become the top 1 shoe consuming market with an annual demand of 23 billion pairs, and this number is expected to keep rising with the sustained growth of China’s economy. It is estimated that, up to the year of 2012, the annual shoe purchase for each Chinese people is 2.3 pairs, which means an increase of 8 billion pairs in the total consuming volume each year. Ⅱ、China is to become the top luxury market With growth of per-capita income and the deepening of urbanization, China will anticipate steep growth in the middle class. By around 2011 the middle class will number some 290 million people with a total spending power of 4.8 trillion RMB. It is predicted that within a decade, China is predicted to leapfrog Japan and the U.S. to become the top luxury market. All the statistics shows a growing shoe consuming market in China, and this market is expecting for more medium and high-grade shoe products. CantonSF, who has been successfully serving as a platform of international trading for a decade, is this very gateway for those who want to grab a first and lion’s share to set step in.