3 Most Profitable Industries in China
05-10-2013, 10:58 AM
Just restating the obvious here, but profits = revenue - expenses. so we're looking at margins here, not necessarily which industries make the most money overall. In 2013, Cosmetics is the most profitable industry. Ten years ago, it was tobacco.
My coworker, the resident China expert, summed it up quite interestingly to me about the general patterns he sees: Industries are becoming more female-oriented. The alcohol industry in China, in particular, is experiencing the most radical changes as their share of women buyers skyrockets and is set to overtake men within the next decade. Chinese liquor, which used to be 80-proof+, has been diluted to somewhere between 40-60 proof, most likely in response to women's tastes.
- 2013: Cosmetics
2003: Tobacco - 2013: Personal Care
2003: Banking - 2013: Beverage
2003: Oil & Natural Gas - 2013: Chinese liquor ("baijiu")
2003: Publishing - 2013: Pharmaceuticals
2003: Liquor - 2013: Dietary supplements
2003: Pharmaceuticals - 2013: Telecoms
2003: Coal - 2013: Software
2003: Real Estate - 2013: Small housing appliance makers
2003: Automakers - 2013: Automakers
2003: Telecoms - 2013: Education
2003: Eyewear makers - 2013: Funeral homes
2003: Government freeway system (toll charges) - 2013: Online video game services
2003: Wedding Photos
My coworker, the resident China expert, summed it up quite interestingly to me about the general patterns he sees: Industries are becoming more female-oriented. The alcohol industry in China, in particular, is experiencing the most radical changes as their share of women buyers skyrockets and is set to overtake men within the next decade. Chinese liquor, which used to be 80-proof+, has been diluted to somewhere between 40-60 proof, most likely in response to women's tastes.
