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Reference News reported on July 22 Luo Aiping and He Yuqi are both single white-collar workers in Guangzhou, and they have both bought new pets in recent years.

Luo Aiping, a lawyer in her 40s, got her first cat in 2021 and now has four cats and one dog.

She walks her dog every morning and evening, and even moved from the CBD to the suburbs to give her pet more space, even though it meant she had to commute for more than two hours every day.

He Yuqi is a teacher in his 30s who has three dogs and one cat.

He said: "I like to use my social time to rescue small animals. It is my dream to travel to the grassland with all the pets."

The report said that in 2023, the number of pet cats and dogs increased by 1.1% and 6.8% year-on-year respectively, with a total of more than 120 million. China's pet economy is quite prosperous.

According to the "2023-2024 China Pet Industry Operation Status and Consumer Market Monitoring Report" released by iMedia Consulting, although the growth rate of China's pet industry has dropped significantly from the peak of more than 33.5% in 2020, it is expected that by 2025, the scale of China's pet economy industry is expected to reach 811.4 billion yuan, higher than 592.8 billion yuan in 2023 and 295.3 billion yuan in 2020.

The report said that Jack Bian, founder of an online platform related to the pet industry chain, said that with the changes in China's population structure, the elderly and single people have become the main consumer groups in China's pet economy.

According to the "2024 Pet Industry Insight Report" released by the Chinese social platform Xiaohongshu, young people under the age of 29 living in first- and second-tier cities are gradually becoming the core group of pet owners.

The report said that young people's concept of keeping pets has shifted to viewing them as family members, and the concept of "keeping pets for oneself" is becoming popular.

About 56% of pet owners have changed their lifestyles as a result of having a pet, and 88% said their spending has increased significantly or remained the same compared to the previous year, as young people are willing to spend generously in hopes of providing their pets with new experiences.