Prognosis

China’s Pampered Cats Spur Weight-Loss Drug Application

Nation has more pets than babies.
A cat resting at home.Photographer: Kristina Igumnova/Moment RF/Getty Images
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Hi it’s Karoline in Singapore. People obsess over feeding their pets. As a result, their spoiled furry babies can become overweight. A Chinese company is proposing a remedy, but before I tell you more ...

Chinese families are having fewer babies, but they own more pets. Goldman Sachs predicts that pets will outnumber toddlers in the country by almost 2 to 1 by 2030. China’s pet economy, spanning everything from clothing to “kindergartens,” is on track to increase almost 40% by 2030, to 352 billion yuan ($50 billion).