According to a survey by The Boston Consulting Group (BCG), “high-speed” households in China are helping to bolster consumer spending over the next five years. In fact, according to BCG, China’s high-speed internet penetration rate is expected to reach 100 percent this year.
According to a survey by The Boston Consulting Group (BCG), “high-speed” households in China are helping to bolster consumer spending over the next five years. This demographic is set to generate approximately $3.8trn of the $5.6trn in total urban consumption.