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China's pet economy, driven by young people treating pets as family, is rapidly growing, expected to reach $162 billion by 2028.
China’s pet economy is surging, projected to hit 1.15 trillion yuan ($162 billion) by 2028, driven by younger generations who treat pets as family.
In cities like Shanghai, home to over 120,000 pet-related businesses, demand for pet-friendly events and services is rising, prompting traditional industries to adopt pet-inclusive offerings.
This shift reflects a broader cultural change, with consumers seeking humanlike experiences that welcome their animals, fueled by stronger purchasing power and innovative business models.
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La economía de mascotas de China, impulsada por jóvenes que tratan a las mascotas como familia, está creciendo rápidamente, y se espera que alcance los $162 mil millones para 2028.