Savio Chan, President & CEO of U.S. China Partners talks about the business opportunities for global companies following China's end of its one-child policy. Bobbi Rebell reports.
I'll feline family have more than one child we'll have yet global economic implications. Here with more if not yet can't hit president and CL US partner Andy is also the author of China's super consumers great how you think you. Are still talking about the business implications of this this. But as one child policy we both men would be beneficial to many companies who will be fought. Beauty products and also its best be part you know manufacturers like this. The studio. And in fact today we thought it baby formula makers there's docket higher talking about how this moves through the different stages the first thing. Things related to babies. Accidentally China today can some 119 billion all of you and food today. Which is about the options market. And this is about this after a witness justify these apps I use so and one of the distance in one. So that will help them tremendously. Now that you have one million animal babies yet and yet now with the news how policy. And it will be but officials to beef company treatments how could it had an opportunity from US companies that are looking at this time. Well or is baby food company Heinz you know good the food. To an ST well we shall. It would and its beauty in defeat themselves and by parents and that I think we'll update the plight. So now how this needs the and you feel hot (%expletive) I think she'll be tremendous. And it was in nineteen. The theme pot is that as the dispute we uses studio. In Beijing will be also now. And then big picture do you think that it will change bulletin for the Chinese economy. Also have more younger people to animal consumption special now the palace is shifting money from the luxury to us. More to give full education. Is that you know what you formalized structure of fall to one feminist tee time is not sustainable. Portland means. Four grandparents. Two parents and once I of one child support. To Paris and full grant has now it may be sustained Brothers that happened what a process but that helpful consumption. It's interesting that you see your thing that we shift from binding letters and more discretionary income. To warn it that's right slowly you know ought to be habitable by apple Eiffel. It by and asked Eiffel sense that by shout people which the chief local question. One for the price as this would budget maybe two yet. Maybe for product. In the team and you know it's good stuff. Or did you short term that the Morse back with a different. And longer term as the population gets bigger and more consumers that they threw. They're generations. We're spending in general that's right also be a boon to. You UP asked federal express in order locals that if we companies swap. As a result that you people at the cowboys know in real unlike else this level of lies has been so hard pressed. Component of Paris next time you do all comers. And I do also feel that wolf Ortiz in the week for China which has been under pressure to get their economy. On track back on track is different economically. It. All he. To slow guys in the industry is on the consumption side it's equally present yet formal so it's gonna put us stimulate. The consumption economy which is ridiculous plan. Thank you so much there thank you are saying is that it can't hit and it and the attack partners. And the author of China's super consumer I'm not about that and writers.