With total consumer spending increasing by nearly 15% annually over the past few years, China’s domestic market is in the midst of a boom. As the country’s middle class expands, companies that sell consumer goods are poised to serve consumers with a broader array of high-quality products. Read More…
Hawaii, California and Las Vegas are among American tourist destinations vying fiercely for a vast and largely untapped new market segment: the Chinese tourist. Read More…
Psychologist Barry Schwartz takes aim at a central tenet of western societies: freedom of choice. In Schwartz’s estimation, choice has made us not freer but more paralyzed, not happier but more dissatisfied. Read More…
Tomson Group has built a top luxurious housing block in Pudong, Shanghai. Tomson cooperated with Versace Home to built a luxurious show house of more than 900 square meters, with the name “Versace Home at Tomson Riviera”. Read More…
China is going to expand schemes that give domestic consumers a discount if they trade in old cars and household appliances for new ones, said Chinese Vice Commerce Minister Jiang Zengwei. Read More…
Stimulus policies spurring Chinese domestic consumption will be maintained in 2010, while high sales growth of home appliances and automobiles due to the stimulus packages will not affect consumption, analysts predict. Read More…
Shanghai’s economy made further progress on October/2009 as a result of continued strong growth in local consumer spending and investment, while exports also improved to help strengthen a growing recovery. Read More…
Luxury marketers are escaping the recession that has hit sales in developed markets by focusing on China. Read More…
The more than 4 million Chinese families with million dollar assets in 2008 will reach 7.8 million in 2013, according to a new report by Boston Consulting Group (BCG) published recently. Read More…
At the hype of US President Barack Obama’s first visit to China, the hottest sales item on Beijing’s streets is a t-shirt featuring Obama’s face replacing China’ former leader Mao Zedong’s face in an iconic image of the Communist Party and Red Army: Read More…
