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China
For decades, China’s real estate market has been a powerful engine of growth, fueling infrastructure development, job creation, and household wealth. However, the once-unstoppable juggernaut is now showing signs of a deep-seated crisis that could significantly impact the country’s economic outlook in 2024.
As China’s youth unemployment rate reaches record highs, youngsters are turning to digital prayers and lucky charms for hope and guidance. This trend reflects the deep-seated cultural belief in the power of “fu” (福), or fortune.
At present, China’s pharmaceutical e-commerce industry and its related services have been continuously extended and developed sharply. Compared with offline pharmacies, online pharmacies are more diverse and can satisfy consumers' various medication needs.
The health perceptions of Chinese consumers are increasing, positively impacting markets like organic food, vitamins, and supplements. According to Daxue Consulting, in 2021, the health food market in China is expected to reach sales of RMB 330.7 billion. What are the latest emerging trends in health consumption?
To combat the pandemic in 2021 and save tourism, some Asian countries reliant on tourism like Singapore, Malaysia and Thailand are developing vaccine passports or identification cards that can serve as proof of vaccination to governments and businesses, including airlines.
