China’s Newly-weds Spend 125,000 Yuan – Xinhua

9_1135667428806.jpgChinese young are no different than Americans, at least in terms of spending, such as on wedding. From Xinhua via China Daily (photo: nice furnishing and a cozy home are increasingly part of newly-wed couples, via alibaba):

China’s -related industries like wedding photography and wedding ceremony services pluck an average of 125,000 yuan (about 16,000 U.S. dollars) from the pockets of each newly-wed couple or their parents, more than the couple make in a year, reported Sunday’s Beijing Morning Post citing a recent survey of the country’s marriage-related industries.

An analysis of nearly 60,000 couples showed that more than 70 percent of the spending goes on durables such as furniture and home appliances. The wedding itself — the ceremony, photography, wedding gowns, the honeymoon and jewelry — accounted for less than 20,000 yuan, 15.5 percent of the total, and analysts claim there is room for growth there.

47 percent of the newly-weds interviewed admitted that 20-60 percent of the -related spending came from their parents, while a minority of 14 percent relied on their parents to stump up 80-100 percent of the dosh. [Full Text]

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