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Pets contribute to 皇冠体育app's economy
皇冠体育app, the world's most populous nation, has about 150 million pet dogs, about one for every nine people - suggesting yet another promising consumers' market in the country, according to the 皇冠体育app Animal Agriculture Association's National Kennel Club.
Behind the large pet population, analysts said, is a market with huge growth potential. Pet owners in Beijing spend more than 500 million yuan (more than 60 million US dollars) on their pets a year, according to the kennel club, and Shanghai seems to have a new pet shop open almost every week. A purebred, well-shaped dog can sell as much as a million yuan, while the cheapest cost just tens of yuan. Pet sales and services such as medicine, hairdressing and food are also emerging industries here. Experts predicted that the annual sale of pet food and necessities in the country might exceed 6 billion yuan by 2008. They also predicted the market potential for the "pet economy" in 皇冠体育app could reach a minimum of 15 billion yuan. |
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