Posts Tagged chinese consumer
“Made In China — And Sold There Too”
The rise of the Chinese consumer class is not new, but an interesting development we’re seeing become far more ubiquitous is more cultural acceptance of the conspicuous consumer in China.
Read Full Story »Jing Book Review: Chocolate Fortunes By Lawrence L. Allen
Lawrence L. Allen’s Chocolate Fortunes — a masterfully written journey into the “Chocolate Wars” of the ’80s and ’90s — should be required reading for anyone even remotely interested in doing business in China.
Read Full Story »BMW To Build Second Plant In China
One of the big stories coming out of the global auto industry today is the announcement that BMW is set to build a second plant in China with their local JV partner, Brilliance Auto. While this isn’t much of a surprise, given that BMW has sold nearly 72,000 cars in China in the first 10 months of this year, it certainly is an important move on BMW’s part as it works to challenge the dominant luxury automaker in China, Audi.
Read Full Story »Conspicuous Consumption “Here To Stay” In China: How Will Retailers Take Advantage?
Although China remains one of the only bright spots in the world of luxury retailing at the moment, foreign luxury brands — despite rapid growth in the mainland market — often have difficulties convincing many of the country’s highest-potential customers to buy their products within the mainland, because of the large luxury tax China levies on high-priced imported goods.
Read Full Story »New Figures On Mainland Chinese Spending Bode Well For Luxury Retailers
With luxury retailers looking for any good news in a still-tough market, studies by several organizations in recent months have shown that things are a little less ghastly than expected, particularly in Asian and other emerging markets. The newest of these studies, carried out by business consulting firm Pao Principle, indicates that recent spending trends in mainland China should please luxury handbag, watch, and jewelry producers.
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