SHANGHAI A'Shawn Robinson Lions Jersey , Nov. 24 (Xinhua) -- Chinese consumers are more confident and savvy with regard to their choice of brands and products, according to a report released by global management consulting firm McKinsey and Company.
The report was based on a survey of 10,000 consumers aged 18 to 65 across 44 cities and seven rural villages and towns in the country.
Around 80 percent of the respondents were confident that their household incomes will increase markedly in the coming five years.
The "post-90s" generation is emerging as the next engine of consumption in China Michael Roberts Lions Jersey , according to the report, and this consumer cohort will account for more than 20 percent of total consumption growth, higher than any other demographic segment.
The report also noted the "post-90s" showed better confidence in China's macro-economy and tended to have strong awareness and preferences about brands.
Lan Luan Jalen Reeves-Maybin Lions Jersey , an associate partner in McKinsey China's Consumer and Retail practice, said the "post-90s" generation represents a promising group of consumers that will heavily influence how brands perform in China.
BAGHDAD, Feb. 25 (Xinhua) -- Iraqi Prime Minister Hadier al-Abadi on Saturday met with Saudi Arabian Foreign Minister, who paid an official visit to Baghdad, to discuss boosting bilateral ties and to support Iraq in its fighting against Islamic State (IS) group in the northern city of Mosul, The Iraqi government said.
In a statement by his office, Abadi received in his office the Saudi Minister Adel bin Ahmed Al-Jubeir and the two sides "discussed means to enhance bilateral relations in all fields, in addition to the fight against terrorist gang of Daesh (IS group) and recent push of the Iraqi forces into the right side (western bank) of Mosul."
For his part, Jubeir confirmed his country's "support to the Iraq in fighting against terrorism and expressed the readiness of Saudi Arabia to support restoring stability in the liberated areas," according to the statement.
The visiting Saudi minister also met with his Iraqi counterpart Ibrahim al-Jaafari and discussed "cooperation between the two countries, who are trying to resolve the problems that the whole region is suffering from," the Iraqi Foreign Ministry said in a separate statement.
Jubeir said that his visit to Baghdad comes "to restore the bilateral ties between the two countries back on track," asserting that his country "stands at the same distance from all the Iraqi factions, and supports the unity and stability of Iraq," the ministry statement said.
Jubeir's visit also came as the Iraqi security forces backed by anti-IS international coalition are carrying out a major offensive to drive out the IS militants from their major stronghold in the western side of Mosul in northern Iraq.
His visit is the first for a Saudi official on his level to the Iraqi capital in decades, as the relations between the two countries deteriorated since 1991 when the former Iraqi president Saddam Hussein invaded Kuwait.
Saudi Arabia reopened its embassy in Baghdad early in 2016 after 25 years, but months later the Iraqi government asked for the Saudi ambassador Thamer al-Sabhan to be replaced.
Baghdad's request came after Sabhan made comments on his Twitter account, in which he accused Iraq of being too close to Shiite Iran, in addition to his comments about a "terrorist plot" to assassinate him by powerful Shiite militia, led by Aws al-Khafaji. But Baghdad denied his accusations.
The request to replace Sabhan reflects the deep sectarian division between the Sunni regional power, led by Saudi Arabia, and the Shiite regional power, led by Iran, amid increasing bloody conflicts such as in Syria, Yemen and Iraq.
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