Toyota SUV in trouble via Wikipedia
The effects on trade between Japan and China cause by the Fukushima nuclear disaster is bigger than expected, warns Shaun Rein at CNBC, as Chinese consumers not only stop buying Japanese food, but Japanese products like Toyota‘s SUV cannot reach the Chinese market.
Rein is bullish on the home decoration market, where he expects this year a growth of 15 percent, as Chinese home owners turn to renovation as the sales of residential real estate slows down. Unfortunately, the foreign retailers like B&Q, Home Depot, but surprisingly also IKEA fail to capture that momentum.
Shaun Rein is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch.