The split between China and the US is irreversible, argues Shanghai-based business analyst Shaun Rein, author of The Split: Finding the Opportunities in China’s Economy in the New World Order, in a discussion with Keith Yap on his YouTube channel. Trade with China has helped the United States, he says.Read More →
Returns on China’s stock markets have been great, but that reflects only marginally on the consumer market, warns Shanghai-based business analyst Shaun Rein at CNBC. Only six percent of Chinese citizens hold equity, unlike, for example, the US, he says. 90 Percent is still trading down and not spending more on luxury goods, he adds.Read More →
L’Oreal bought this week a second Chinese cosmetic company to strengthen its market position in China, a strategy becoming more common among foreign brands, says branding expert Ben Cavender to Reuters. Fierce domestic competition and a sluggish consumer market are the basis of this change of strategy.Read More →