Sluggish consumption and a push for animal adoption are weighing on China’s once-hot pet market
Sitting in his partially decorated 260-square-meter duplex in Xuzhou, Jiangsu province, 39-year-old Mao Qing is packing up the last batch of cat supplies ready to be shipped to their new owners. After five years and 100,000 yuan invested in breeding kittens, Mao officially left the pet industry this March.
With his profit margins increasingly thin this year, he has even had to temporarily halt his home improvement plans to save cash.
Related Articles
