Posts Tagged hurun report
Consumption Standard For Chinese “New Nobility” Up 22% Over Last Year
According to the Hurun Report, a member of the new nobility should own three houses, an impressive art collection (probably of Chinese contemporary and traditional art), and spend around $1 million per year on luxury goods.
Read Full Story »China Becomes Fourth-Largest Manufacturer (Of Millionaires)
According to Lan Qingxin of the University of International Business and Economics, most Chinese millionaires are minted in six sectors: finance, real estate, information technology, commercial service, manufacturing and energy.
Read Full Story »2009 Report On Charitable Donations In China Finds Local Donations Up, Education Most Popular Sector
Though some in China consider wealthy individuals like Chen Guangbiao “crazy” for spending their fortunes on charity, philanthropy is becoming not only a more accepted activity in China, it’s becoming something of a status symbol and a way of life for the urban elite.
Read Full Story »China’s First “Soul-Rich List” Celebrates Positive Contributions Over Cash
While Chinese names have become fixtures on Forbes and Hurun Report “rich lists,” a new list coming out of China this week takes a somewhat different approach at measuring wealth.
Read Full Story »Luxury Furniture To Be Beijing’s “Next Status Symbol”
Although Beijing’s multimillionaires make up less than 1% of its total population, their spending power makes them a key demographic for luxury automakers, fashion labels, auction houses, and, increasingly, luxury furniture makers.
Read Full Story »Rupert Hoogewerf: Wealthy Chinese Are Country’s “New Nobility”
Everyone seems to agree that wealthy individuals in China are “mad for luxury,” and that they’re spending millions per year on it, but what exactly are they buying?
Read Full Story »China “Saves The Day” For Struggling Luxury Industry
This week, the Boston Consulting Group released the results of their survey of over 2,500 Chinese consumers, projecting that China should overtake Japan to become the world’s largest luxury market within five to seven years.
Read Full Story »Cartier, Bentley, Patek Philippe Among Chinese Millionaires’ Favorites On New Hurun List
Luxury business portal the Hurun Report has released the results of its newest “Best of the Best” survey. Although perennial favorites like Louis Vuitton maintained their dominance last year, brands like Cartier that increased their focus on China saw their popularity skyrocket.
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