Wedding spending on the rise
By Zheng Yiran | China Daily | Updated: 2018-12-04 07:37
Industry will double from 2017 level to surpass 3 trillion yuan by 2021, report predicts
The nation's wedding industry, which stood at 1.46 trillion yuan ($210 billion) in 2017, is estimated to surge 24.66 percent year-on-year to reach 1.82 trillion yuan this year, and to surpass 3 trillion yuan by 2021, according to a report released by market research company ASKCI Consulting.
The growth comes despite fewer people getting married. Statistics from the Ministry of Civil Affairs showed that last year 10.59 million couples registered their marriage in China, down roughly 7 percent from 2016.
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