Hong Kong retail is booming, as mainland shoppers in first-tier cities saw wages going up 12% in 2013, says business analyst Shaun Rein on CNBC. But consumer confidence is still weak, especially middle-class men who are fearing wage stagnation as investments drop.
China Weekly Hangout
More insecurity is affecting consumer confidence, and the recent bird flu threat did not help. The China Weekly Hangout discussed in April the status of the bird flu in China with flu expert Harm Kiezebrink from Beijing, HKU-lecturer Paul Fox from Hong Kong and CEIBS adjunct professor Richard Brubaker from Shanghai. We try to figure out what is happening with N7H9, and what possible scenario’s can develop. And we discuss what the Chinese government has learn from SARS, now ten years ago