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

4 min read

Exotic animals like wombats and meerkats, as well as patterned poop bags and frilly dog dresses, were showcased at a lively pet expo in Beijing, where the pet industry remains strong despite the country's slow economic growth.

China is facing a challenge to its economic growth due to a real estate crisis, persistent low consumer spending, and a high rate of unemployment among young people, which are affecting the world's second-largest economy.

The pet industry has shown resilience in the face of economic decline.

This week, huge crowds of pet enthusiasts gathered in large exhibition halls on the outskirts of Beijing, excited to browse and purchase new furry friends and accessories, from elegant necklaces for cats to waterproof coats for dogs.

In a particular area of the fair, vendors displayed a diverse selection of unusual pets, which included crabs, lizards, and minks, thereby attracting inquisitive attendees.

Animal welfare organizations have expressed concerns about the exotic pet trade, which is frequently associated with inadequate animal care.

The pandemic also sparked concerns that animals may be vectors for diseases, including COVID-19, which is widely thought to have originated in bats.

Exotic pets continue to be in high demand in China, especially among the younger generation, with numerous videos on their care being widely shared on local social media platforms.

At one stall, the shop owner, Zhao Tingting, showcased vibrant beds and translucent handbags, specifically designed to carry sugar gliders - a small, nocturnal marsupial that she sells along with other animals such as meerkats.

A small crowd formed around as a sugar glider snugly settled into a worker's hoodie, occasionally popping out its head to glance at the fascinated onlookers.

Zhao cradled a meerkat wrapped in a warm sweater in her arms. "Many people, as soon as they see this, feel that it's soft, cuddly and extremely cute," she said to the AFP.

"It can melt your heart. There are many people who are very interested in having one now," the 35-year-old said, noting that there has been a significant increase in demand for these unusual pets in recent years.

Our customers initially begin with one, but it gradually increases to two, then three, and some even have more than ten or even twenty.

'Flourishing sector'

In 2022, China's pet market generated approximately 493.6 billion yuan ($67.8 billion) in revenue and is forecast to nearly double in revenue this year, as per a report by research group Daxue Consulting.

"The Chinese pet market constitutes a rapidly growing sector in the country's economy," the report stated.

By 2030, China's pet population is expected to be more than double the number of young children, as per a prediction made by US investment bank Goldman Sachs.

A cat enthusiast, Guo strolled through the rows of transparent cages, admiring a diverse assortment of felines, ranging from the sleek, hairless Sphynx breed to the luxuriantly fluffy Maine Coons.

The 50-year-old had traveled from Fujian province, located in the eastern part of the country, to attend the event, and was searching for a new whiskered companion, specifically a British Shorthair with a silver-shaded coat.

"We currently have two at home...they are relatively affordable and not too costly," Guo stated to AFP after finishing his rounds.

Although the overall economy is currently not performing well, people are still willing to spend money on things they are passionate about, such as their pets, according to Guo, who works in the agri-livestock industry.

There's a large crowd of people visiting the exhibition today, so you might want to go check it out.

He explained that having a cat can offer some comfort and emotional support, which can help to reduce people's negative emotions.

Cat seller Dong has observed a significant increase in customer numbers over the past few years.

"A few years ago, there was a certain reluctance when it came to pets, but now people are more accepting," Dong said, softly petting a British Longhair as she dangled a toy wand in front of it.

Parents who are hesitant to have more children may consider getting a pet to provide companionship for their child, Dong noted.

She also noted that many Chinese people have a "natural affection" for animals.

When people view these extremely adorable, cuddly creatures, it fills them with joy and happiness.

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