Even though China’s growth has slowed due to COVID-19, it continues to be among the top 10 countries with the highest per capita GDP growth. For this 2021, an economic growth of 2.3% is estimated in counterpoint to the rest of the world, where the economy is expected to contract.
China’s average income has increased steadily in the last 10 years, reaching an 86% increase between 2012 and 2019. Cherry consumption is focused on high-income consumers, with a focus on supermarkets and specialized stores. By 2030, the level of urbanization is expected to exceed 70%, which would have a positive effect on the consumption of quality fruit.