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China bucks Engel’s law as rising incomes widen appetite for higher-quality sustenance🔥63

2/27/2026Business > Economy

  • Many Chinese households still devote a large portion of income to food and other essentials despite rising wages.
  • Rapid urbanization has created sharp differences between spending patterns in major cities and smaller towns or rural areas.
  • Urban middle-class consumers are boosting demand for services, housing upgrades, education, healthcare, and lifestyle products.
  • Interior and lower-income regions continue to spend a higher share on necessities such as food, transport, and basic housing.