Price increases for luxury goods and services in China this year are at their slowest level since 2009 but continue to outpace inflation, according to a report by the Hurun Research Institute. China’s Luxury Consumer Price Index, which measures price changes in 62 luxury items, rose 4.94 percent in June from a year earlier, 2.79 […]
Tag: Yuan
Can you imagine such a “smart city” life? It can become a possibility in Shanghai as early as 2015. Presently, the system to build a smart city is having a trial operation in suburban Minhang District and gradually it will cover the whole city, Shanghai city officials revealed recently […]
DreamWorks Animation, the US film company, has announced plans to build a $3.14 billion theme park in Shanghai, to bolster its presence in the booming local entertainment market […]
Chinese consumers are helping to boost the Swiss watch industry, with exports worth 19.3 billion Swiss francs (US$21.1 billion) last year, an industry report shows …
Observers predict that China will soon be biggest in the world for high-end designer consumer goods. Chinese people will buy more than half their acquisition of luxury goods on the mainland in 2014 rather than overseas, as is the case now, business research and consulting firm Frost & Sullivan said in its latest survey […]
Chinese consumers spent about US$7.2 billion on luxury goods overseas during the week-long Spring Festival holiday, a 28.6 percent jump year-on-year, according to a survey […]
Shanghai has the largest population of foreign nationals among all domestic cities and provinces in China, with about 143,200 expat residents living in the city, the Shanghai Statistics Bureau announced recently. Nearly one in every four foreign residents in the country lives in Shanghai, according to the sixth national census conducted in November 2010. […]
Chinese retailers are paying close attention to the mobile commerce sector in the country’s large cities, and experts said the development of mobile commerce will depend on the Internet environment in China […]
Second-hand luxury goods stores are becoming popular in China as suppliers of new products increase prices and demand for high-end items continues to rise […]
The word shanzhai has several meanings. Originally it meant a fortified mountain village, but these days it mainly refers to small, illegal factories that churn out copies of famous-brand mobile phones. In the era of relatively simple 2G phones, the industry was huge, but now everyone wants a fancy 3G smartphone, and they’re a bit too hard to fake, leaving an uncertain future for this hidden industry […]