Read previewA family dog, tennis, and Disney Shanghai's LinaBell character have one thing in common — they might end up pulling China out of a long slump in consumer demand.
Those rapidly growing areas are poised to drive a rebound in China's anemic consumer spending, Bank of America analysts say.
China's pet economy is seeing outsize spending as pets come to occupy a greater place of prominence in households.
Finally, the analysts see significant growth potential in the country's "cultural IP" economy — spending on books, movies, and experiences based on fictional characters or storylines.
China's economy has been stuck in the doldrums amid weak consumer spending.
Persons:
—, that's
Organizations:
Service, Disney, Bank of America, Business, Consumers
Locations:
China