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Household appliances are a particular priority for Chinese consumers as their income increases and they look to improve their standard of living.
Ownership of Consumer Durables
Washing Machines 88% Electric hair Dryers 65% VCRs 50% Air Conditioners 20% Private automobiles 2% Average household budgets across China are somewhat misleading because of the extraordinary regional and rural/urban differences in income however what is notable is the high level of average savings at over 30% of income. While this level is comparable to other Asian countries it is significant given the comparatively lower standard of living in China. It also shows a level of purchasing power higher than income figures would suggest.
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