Rising Prosperity Propelling China Footwear Industry
China Footwear Industry is growing tremendously on the back of increasing income level and rising standard of living. Demand for expensive international brand is continuously growing in the country. Moreover, Increasing domestic sales, exports growth, and e-commerce are the factors enhancing footwear producing companies’ future prospects. Considering the above favorable factors, the domestic sales of china footwear industry is anticipated to grow at a CAGR of around 7.5% during 2013-2017.
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