Posts Tagged middle class
New Study Sheds Light On Spending Habits Of Asia’s Middle Classes
Among other findings, the report by the Asian Development Bank forecasts that the spending power of middle class consumers in Asia will increase by eight times in the next 20 years.
Read Full Story »Yonex Sees Promise In China Golf Market
According to recent estimates, there are now around 300 golf courses in China, including the worldâs largest, and the country’s golf industry is estimated to be worth nearly $7 billion annually and growing.
Read Full Story »Visual Arts “Incubator” Set For Construction In Tianjin
Projected to be the country’s largest art training center for Chinese painting, the China National Academy of Painting’s Panlonggu Valley institution will ultimately become something of a giant incubator for developing creative talent.
Read Full Story »Shiseido Experiments With “Affordable Luxury” In China
The Japanese cosmetic company joins a growing list of luxury brands taking a two-tiered, exclusive/accessible approach to tap into China’s smaller cities and inland regions.
Read Full Story »Will Whisky Be “The New Wine” In China?
Though China is still a comparatively young market for whisky of all stripes, from the rare single-malts sought after by big-city aficionados to the more popular blended varieties that are ubiquitous on bar tables from Shanghai to Kunming it is clear that the market has developed rapidly and is still growing.
Read Full Story »In China, Bespoke Is “In”
Recent events such as China Fashion Week in Beijing have given China’s burgeoning home-grown fashion industry a chance to be seen on the global stage.
Read Full Story »“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 »China’s Luxury Consumer: Young, Individualistic, And Ready To Shop
China’s luxury market is clearly an important and exciting place to be right now, but beyond the sales figures it becomes clear that quantitative and qualitative considerations paint very different pictures of the current state of China’s luxury industry.
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