China to become world's biggest consumer market within 10 yrs - survey

China is considered as the market with the greatest prospects for economic growth this year and could become the world's top consumer market within 10 years, a UPS survey said.

According to the UPS (nyse: UPS - news - people ) Asia Business Monitor 2007, 92 pct of small- and medium-size enterprise (SME) leaders across the Asia-Pacific region rate China as the market with the greatest prospects of economic growth in 2007.

Some 57 pct expect it to become the world's biggest consumer market within 10 years.

However, China's top trading partners - Japan, Korea, Hong Kong and Taiwan are the least optimistic about China's ability to achieve the position as the world's top consumer market, the survey showed.