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An investor's best friend: China's booming pet market sparks deals

The growing popularity of pets is turning China into a magnet for local and global firms

Reuters  |  Shanghai 

Li Mingjie is a pet industry investor's dream. The 23-year-old e-commerce worker spares little expense to make his pooch happy. "I'll happily splash out on my dog," Li told Reuters as he walked his brown poodle Coco in Pingyang, a town on China's east coast. "She is like a child to me." He is far from alone in China these days. The growth in the middle class, a massive move to urbanisation and other demographic changes - such as growing numbers of elderly, and people getting married and having children later than before - have been turning ...

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First Published: Sun, December 24 2017. 09:41 IST