Paris and Europe in general are losing track as hot spots for buying luxury goods, as the crisis hits China’s middle class, and consumers move from luxury goods to lifestyle, tells business analyst Shaun Rein in WSJ. “Why buying expensive goods, if you cannot have clean water and air?”Read More →
Dreams about the future have been important for China and the Chinese over the past decades, but what they dream about has been changing dramatically. Business analyst Shaun Rein discussed those changing dream with Daftblogger, and the increased search for quality.Read More →
Shopping in a secluded environment of private houses for sometimes personalized high-end items adds a new feature to the way how wealthy Chinese prefer to spend their money. Retail analyst Paul French comments in the Sydney Morning Herald on a new feature.Read More →
Business analyst Shaun Rein appeared on the “On China” show of CNN’s Kristie Lu Stout, discussing China’s growing consumption, Barbie and how even in a downturn China’s wealthy will become wealthier.Read More →
Much of the speculation on China’s economic and also political future focuses on the emergence of a middle class. But whatever you call “middle class” in China, is very different from the middle class in the US, warns business analyst Shaun Rein in CNN. In China everybody wants to be rich.Read More →
The fast rise in prosperity and high expectation might life for the generation of single children tough, very tough, with increasing daily pressure, tells China veteran Paul French in the Telegraph.Read More →
China’s government is trying to change its economy from export and investment oriented into a consumer nirvana. Unfortunately, writes retail analyst Paul French in Channel4, corruption and inflation hinder that policy greatly. What will the upcoming CCP-congress bring?Read More →
The important segment of rich Chinese sees a wide range of changes, splitting the group in at least three sections, tells retail analyst Paul French in Quartz. And all are planning better in how to spend their money as the fight against corruption turns serious.
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Some luxury brands keep on growing, despite a recession. Hermes expects to grow, also in the upcoming five years and Ben Cavender, principal at the China Market Research Group explains on China Daily why.Read More →
Previous darlings of the luxury industry like Louis Vuitton, Gucci, Omega, Versace and Hugo Boss are out of grace, as the country’s really rich focus on high quality, the real stuff, in stead of those parvenu brands. Hurun founder Rupert Hoogewerf explains in the China Daily what has changed.Read More →
China’s luxury goods market might still be going strong, despite a dip in the country’s growth. But previously popular brands like Burberry are losing traction, tells retail analyst Paul French in the Huffington Post. But there is still hope.Read More →
Chinese consumers still buy luxury goods, despite a relative economic dip, says business analyst Shaun Rein in the New York Times. But their preferences are shifting and diversifying, depending on demographics and spending power.Read More →