Are we right to pin our hopes on Asian consumers?

clock

Since US shoppers have been forced to tighten their belts, the scouts are out for a new group of consumers to fill the global spending void.

Asia’s new bourgeoisie seem to fit the bill. Eastern and Western lifestyles, long subject to both cultural and economic divides, are beginning to converge. And from an investor’s point of view, the emergence of a relatively affluent Asian middle class with spending power is a beguiling idea. China’s populace, in particular, is keen to flaunt its new-found wealth. Wages are rising faster than ever and employees are rushing to spend them on luxury goods, as well as recreation and housing. But what if this unaccustomed largesse is not Asia’s only recent western import? The market turmoil...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

IMF slashes world growth forecasts as global economic system enters 'new era'

IMF slashes world growth forecasts as global economic system enters 'new era'

Global GDP growth revised down

Beth Brearley
clock 22 April 2025 • 2 min read
Over half of CEOs expect rise in global economic growth in the next year

Over half of CEOs expect rise in global economic growth in the next year

UK a more important investment choice

Sorin Dojan
clock 21 January 2025 • 3 min read
Trade wars emerge as biggest risk facing investment markets in 2025

Trade wars emerge as biggest risk facing investment markets in 2025

ARC survey

Linus Uhlig
clock 02 January 2025 • 2 min read
Trustpilot