Report finds Chinese consumers choosier, web-savvy

By the Associated Press | June 13, 2011 | 2:10 AM EDT

SHANGHAI (AP) — A report by a U.S. business group says Chinese consumers are becoming much more sophisticated in their tastes and expect a wider range of better products.

The report by the American Chamber of Commerce in Shanghai released Monday says local companies lead foreign ones in using e-commerce to expand sales among the country's increasingly web-savvy shoppers.

The report forecasts that the country will become the No. 2 consumer market after the U.S. by 2015, as purchasing power nearly triples.