Family time is getting a major upgrade in the Chinese mainland! Shopping malls now feature playful playgrounds, hotels offer family-themed suites, and restaurants are rolling out kid-friendly menus. It's all about creating fun, memorable experiences for both parents and kids. 🎉
Supported by the nationwide three-child policy and a push toward a more family-friendly society, the parent-child economy is booming. According to the National Bureau of Statistics, as of the end of 2024, the Chinese mainland had roughly 240 million children aged 0 to 15 – making up 17.1% of the population. Experts believe this vibrant market will exceed 5 trillion yuan (about $685 billion) by 2025. 🚀
Young parents, especially millennials and Gen Z, are at the forefront of this trend. With rising incomes and a shift in lifestyle values, they are eager to enjoy high-quality, family-oriented experiences. For example, Xia Ye and Hu Peng are planning a trip with their 5-year-old son to the Three Kingdoms Theme Park in Wuxi, after memorable visits to Shanghai Disneyland and Sanya's sunny beaches. Similarly, Yao Liu's daughter has already experienced the wonders of Zhuhai's Chimelong Ocean Kingdom and Universal Studios in Japan!
This surge in family-centric consumption is reshaping urban life and the travel industry across the Chinese mainland. It's not just about spending – it's about bonding, learning, and creating unforgettable memories. As more family-friendly spots emerge in bustling cities, the future of the parent-child economy looks incredibly bright. Stay tuned for more updates on this exciting trend!
Reference(s):
Parent-child consumption emerges as a key growth driver in China
cgtn.com
