The Fort Worth Press - Off leash: China's pet industry shines in ailing economy

USD -
AED 3.672977
AFN 65.0004
ALL 81.626056
AMD 360.510494
ANG 1.789785
AOA 918.000068
ARS 1541.585196
AUD 1.421494
AWG 1.8
AZN 1.687821
BAM 1.756231
BBD 2.013047
BDT 124.13403
BGN 1.747831
BHD 0.377298
BIF 3001.5
BMD 1
BND 1.281647
BOB 12.038845
BRL 5.378401
BSD 0.99943
BTN 95.119137
BWP 13.826143
BYN 2.945822
BYR 19600
BZD 2.010084
CAD 1.403845
CDF 2314.502233
CHF 0.830025
CLF 0.025026
CLP 988.180036
CNY 6.66605
CNH 6.664565
COP 3169.93
CRC 454.457699
CUC 1
CUP 23.987213
CVE 99.224987
CZK 21.885969
DJF 177.719677
DKK 6.712575
DOP 60.370006
DZD 135.277004
EGP 56.089099
ERN 15
ETB 163.857782
EUR 0.89807
FJD 2.244197
FKP 0.75114
GBP 0.751865
GEL 2.570499
GGP 0.75114
GHS 11.650139
GIP 0.75114
GMD 73.501784
GNF 8795.000128
GTQ 7.63805
GYD 209.438376
HKD 7.845495
HNL 26.831951
HRK 6.76901
HTG 130.948372
HUF 329.9395
IDR 18180
ILS 3.123155
IMP 0.75114
INR 95.29225
IQD 1515.218182
IRR 1864649.999685
ISK 121.91994
JEP 0.75114
JMD 158.527332
JOD 0.708968
JPY 158.288042
KES 130.000272
KGS 87.448599
KHR 4075.50088
KMF 441.999797
KPW 899.999961
KRW 1344.385001
KWD 0.31101
KYD 0.832963
KZT 455.005455
LAK 22525.000169
LBP 89550.000228
LKR 332.317142
LRD 170.240229
LSL 16.670086
LTL 2.95274
LVL 0.60489
LYD 6.430047
MAD 9.852994
MDL 17.990957
MGA 4540.985152
MKD 55.296394
MMK 2099.630718
MNT 3601.077836
MOP 8.076272
MRU 40.199425
MUR 47.570073
MVR 15.460443
MWK 1737.000259
MXN 18.68429
MYR 4.076599
MZN 63.900258
NAD 16.670073
NGN 1342.29009
NIO 36.780453
NOK 9.278675
NPR 152.193532
NZD 1.780202
OMR 0.384502
PAB 0.999421
PEN 3.447629
PGK 4.480862
PHP 63.9685
PKR 276.5266
PLN 3.956803
PYG 5850.263778
QAR 3.643866
RON 4.804297
RSD 105.523987
RUB 80.494213
RWF 1479.735463
SAR 3.750314
SBD 8.064647
SCR 13.975633
SDG 601.49594
SEK 9.93486
SGD 1.283198
SHP 0.749344
SLE 22.874984
SLL 20969.504398
SOS 571.202795
SRD 37.615504
STD 20697.981008
STN 22.000027
SVC 8.745235
SYP 13001.999685
SZL 16.657163
THB 33.787499
TJS 9.205205
TMT 3.5
TND 2.998649
TOP 2.40776
TRY 49.837799
TTD 6.78409
TWD 32.445899
TZS 2644.428012
UAH 45.57773
UGX 4352.413493
UYU 40.211023
UZS 12008.530699
VES 886.72915
VND 25856.5
VUV 118.98361
WST 2.767767
XAF 589.095335
XAG 0.01869
XAU 0.000247965444
XCD 2.70255
XCG 1.801308
XDR 0.707052
XOF 589.095335
XPF 107.090743
YER 236.149886
ZAR 16.687205
ZMK 9001.197055
ZMW 20.164415
ZWL 321.999592
SSP 5745.470209
MXV 2.106899
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Off leash: China's pet industry shines in ailing economy
Off leash: China's pet industry shines in ailing economy / Photo: © AFP

Off leash: China's pet industry shines in ailing economy

Patterned poop bags, frilly dog dresses and exotic animals including wombats and meerkats were on display at a bustling pet expo in Beijing, where the industry continues to thrive despite a sluggish economy.

Text size:

China is battling slowing growth as a real-estate crisis, persistently low consumption and high youth unemployment plague the world's second-biggest economy.

Yet the pet industry is one sector that has defied the downturn.

This week, throngs of pet lovers packed into large exhibition halls in Beijing's suburbs, eager to shop for new furry companions and accessories ranging from pearl necklaces for cats to raincoats for dogs.

In one section of the fair, vendors showcased an array of exotic pets, including crabs, lizards and minks -- drawing in curious visitors.

Animal rights groups have raised concerns about the exotic pet trade, often linked to poor welfare standards.

The pandemic also sparked fears that animals may be carriers of diseases including Covid-19, which was widely believed to have originated in bats.

But exotic pets remain popular in China, particularly among young people, with videos on how to raise them widely shared on local social media platforms.

At one booth, shop owner Zhao Tingting displayed colourful beds and transparent handbags, accessories specially designed to carry sugar gliders -- a small, nocturnal possum she sells alongside other animals like meerkats.

A small crowd gathered around as a sugar glider nestled itself inside a worker's hoodie, occasionally sticking its head out to peep at the mesmerised onlookers.

Zhao cradled a meerkat dressed in a warm shirt in her arms. "Many people, as soon as they see this, feel that it's soft, cuddly and extremely cute," she told AFP.

"It can melt your heart. There are really a lot of people who want one now," the 35-year-old said, adding that demand for these exotic pets has grown in recent years.

"Our customers start with one, then it becomes two, then three, and some even end up having more than ten or even 20."

-'Flourishing sector' -

In 2022, China's pet market reached a revenue of around 493.6 billion yuan ($67.8 billion) and it is expected to double this year, according to a report by research group Daxue Consulting.

"The Chinese pet market represents a flourishing sector in the country's economy," the report said.

By 2030, China's pet population will be well on its way to doubling that of its young children, according to US investment bank Goldman Sachs.

Wandering down aisles lined with transparent enclosures, cat-lover Guo inspected a variety of felines, from hairless Sphynx cats to fluffy Maine Coons.

The 50-year-old had flown from the eastern province of Fujian specially for the event, and was on the lookout for a new whiskered friend, specifically a Silver Shaded British Shorthair.

"We already have two at home...they are relatively affordable and not too expensive," Guo told AFP after completing his rounds.

While the broader economy "isn't great at the moment", people are willing to spend on the things they love, including pets, said Guo, who works in the agri-livestock industry.

"You can take a look at the exhibition today -- it's absolutely packed with people."

"Having a cat can provide some comfort and emotional support...and can help alleviate people's negative emotions," he said.

Cat seller Dong has also seen customer numbers rise in recent years.

"A few years ago, there seemed to be some resistance when it came to pets but now people are more open-minded," Dong told AFP, gently stroking a British Longhair while dangling a toy wand in front of it.

Some parents who may be reluctant to have more children may opt to get a pet for their child to keep them company, Dong said.

And many Chinese people have a "natural love" for animals, she added.

"When they see these incredibly cute, fluffy animals, it brings them joy and happiness."

M.Cunningham--TFWP