Strong Domestic Demand And Strong Potential In The Mainland Shoe Market

The world bank is optimistic about the strong domestic demand of the East Asian economies. It is likely to absorb the impact of the credit crisis and high oil prices. China's domestic demand has continued to expand, and has become a driving force for regional growth, and will increase China's economic growth target from 9.6% and 8.7% to 11.3% and 10.8% respectively this year and next.

The appreciation of the renminbi is expected to boost China's domestic consumption power, which is beneficial to the stock price of China's domestic demand stocks.

Some analysts believe that as urbanization and young people enter the service industry in large numbers, footwear products will become an important item in their shopping for non essentials.

Even if China's economy can not maintain its two digit growth this year, consumer spending will still be quite strong.

The number of shoes purchased by mainland consumers will reach the level of developed countries. UBS estimates that the volume of the mainland shoe market in 2010 will reach 12 billion dollars, and the number of shoe purchases per person will be 2.2 pairs.