Cycling craze! More Chinese turning to domestic bike brands amid a $43bln market in 2021
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 Published On Oct 12, 2022

Chinese cycling enthusiasts are turning to domestically-made quality bike parts as they are available in more stores than before.

Shanghai's local time-honored bicycle brand Phoenix has already launched eco-friendly products which offer customers easier riding to reach reach more potential customers and ride into more new markets.

According to the China Cycling Association, China's bicycle industry reported revenues of 308.5 billion yuan last year, and making 12.7 billion yuan in profits. They're doing well in the overseas markets as well, having exported 69 million bikes in 2021, up 14.8 percent year-on-year.


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