According to Delhi-based industry research firm RNCOS, rising income levels and a greater demand for high-fashion goods will lead to a 7% rise in CAGR (compound annual growth rate) for the Chinese footwear sector between 2010 and 2013.

Its new report, ‘China Footwear Market Analysis’ says that the Chinese footwear industry has witnessed “robust growth” in recent years, both in terms of consumption and production. It claims footwear consumption has been growing at an annual rate of around 6-7% in the last few years.

The company says the forecast is based on past market trends, statistical analysis and industry drivers.

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