Rural China's Consumption Habits Undergo Transformation, Impacting Regional Economies.
The study analyzed how rural residents in different regions of China spend their money in 2011. By using a method called principal component analysis, the researchers identified the main factors influencing rural consumption. They discovered that spending habits varied greatly across regions, with some areas focusing on basic needs while others were more diverse. Overall, most rural residents were moving towards a more diverse and upgraded consumption pattern. The study suggests specific strategies based on these findings.