The country’s urban pet population is set to hit over 70 million by the end of the decade, while the number of children under the age of four will dwindle…
China's urban pet population is set to hit over 70 million by the end of the decade, while the number of children under the age of four will dwindle to less than 40 million, a Goldman Sachs report showed.
The report also forecasts China's cat ownership will surpass that of dogs as the former tend to require less space to raise. In 2017, the situation was just the opposite — there were 90 million children aged four and under, compared to the urban pet population of around 40 million."We expect to see stronger momentum in pet ownership amid a relatively weaker birth rate outlook and higher incremental household pet penetration from the younger generation," the investment bank's equity analyst Valerie Zhou wrote.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China will have nearly twice the pets than young children by 2030, Goldman Sachs saysThe country’s urban pet population is set to hit over 70 million by the end of the decade, while the number of children under the age of four will dwindle…
Read more »
China is doubling down on homegrown tech. Goldman Sachs shares its chip playsGoldman Sachs analysts pointed out there are notable catalysts for certain semiconductor and artificial intelligence China stock plays.
Read more »
China plans to deflect an asteroid by 2030 to showcase Earth protection skillsRobert Lea is a science journalist in the U.K. whose articles have been published in Physics World, New Scientist, Astronomy Magazine, All About Space, Newsweek and ZME Science. He also writes about science communication for Elsevier and the European Journal of Physics. Rob holds a bachelor of science degree in physics and astronomy from the U.K.
Read more »
Market correction has more room to run, says Goldman SachsGoldman Sachs strategist Peter Oppenheimer said the correction is stabilizing but not yet over.
Read more »
Goldman Sachs: Seven takeaways from the market sell-offGoldman Sachs: Seven takeaways from the market sell-off
Read more »
Goldman Sachs: Correction has room to run, but bear market 'remains unlikely'Goldman Sachs: Correction has room to run, but bear market 'remains unlikely'
Read more »