DALIAN, China -- The pet industry is growing fast in China despite the slumping economy as more young people choose to live with dogs and cats rather than having children, creating business opportunities in the burgeoning market.
Around 75 million urbanites had a dog or cat in 2023, up 30% from 2018, a white paper by a pet industry association shows. Nearly 60% of these pet owners were born in the 1990s or later.
