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Chinese consumer confidence has reached a 10-year high, with the "post-90s" generation emerging as the next engine of consumption in the country, said a research report of McKinsey & Company released in Shanghai Thursday.
Chinese customers are part of the booming business. Gu Siliang, co-founder of Joybaby, an agency in Shanghai that connects Chinese clients with the US fertility clinics, said last year, it had arranged for about 1,400 women to undergo the egg freezing procedure, up from about 1,000 in 2018 and 500 in 2017.
Chinese e-commerce giant Alibaba checked in at No. 2 with 3.6 million speakers sold, good for a 13.6 percent market share.
Chinese economy grew at a fast pace of 6.9 percent in the first half of this year, with consumption and services sector contributing major share of the economic growth.
Chinese dairy giant Mengniu is to buy Australian infant formula company Bellamy. [Photo/IC]
来源：资阳报