Traditional luxury markets have contracted, with the exception of travel, which is one of the conclusions of the 2025 Hurun Chinese Luxury Consumer Survey. “The average household consumption of China’s HNWIs was down 12% in the past year,” says Rupert Hoogewerf, chairman of Hurun, the research organization responsible for the Hurun Rich List in the Jing Daily.Read More →
Geopolitical tensions and the crisis in real estate have hurt consumer confidence over the past 18 months, says Shanghai-based business analyst Shaun Rein at ABC. He does not expect a big-scale stimulus, since the government is short of money to spend, but a slow recovery of retail is emerging, he adds.Read More →
“When the Chinese get good at something, all of the sudden, the United States says, ‘This is a national security risk’”, says Shanghai-based business analyst Shaun Rein on the tech arms race between China and the US, where Huawei, TikTok, and others got into trouble in the US, in his interview with Ian Bremmer.Read More →
China business veteran Shaun Rein discusses with Cyrus Janssen how China has faced challenges since it opened up post-Corona. Outbound travel has not resumed, expected revenge spending did not happen and consumer confidence is at the lowest rate ever. No, he says, China is not yet back to normal, because consumers sit on their corona savings, unwilling to spend. And foreign investors, while CEOs are going to China, are hesitant to resume investing in China, at least till the end of 2023. But support for Xi Jinping is still there, he sees. Though, expect a tough 10-20 years.Read More →
Business guru Shaun Rein challenges Australia’s recent wave of Sinophobia by its politicians, and not questioned by its prime-minister Scott Morrison, while Australia and China are natural allies, says Rein.Read More →
More than three million Chinese students went to the US for their study, but with the rising sinophobia both the US and Australia are losing out huge advantages of those eager learners, says business analyst Shaun Rein to state-broadcaster CGTN. Even losing only tuition fees might cost them dearly, he adds.Read More →
Relations between Australia and China have never been so worse in decades, says business analyst Shaun Rein to the state-owned CGTN. Why is Australia upsetting its largest market for its exports, he wonders and dives into the controversy.Read More →
Shanghai-based business analyst Shaun Rein was with his family on a well-deserved holiday as the fallout of the corona virus crisis caught up with his trip. Panic is spreading over the world, especially now in the US. Rein is back in Shanghai and feels himself more safe than in some of the countries he has been in over the past few months, he tells at CGTN, although there is a lot room for improvement in China too.Read More →
The China government is trying to push positive news in the way it handles the coronavirus crisis, but the economic fallout is only shaping up as the panic moves to other parts of the world. Airlines, shipping lines and other logistics and hospitality providers are maintaining the reduction on services, as demand is not yet picking up. Some logistic providers contemplate resuming services only in June, although they do not wish to confirm that less-favorable scenario.
Europe has become the latest victim of the coronavirus panic, and the number of patients rises, while numbers in the Americas are still low, but expected to go up too.Read More →
China’ struggle against the coronavirus has been on the front pages worldwide on the past weeks. Western CEO’s of companies with operations in China have been calling for calm and try to convince their audiences all is well for those operations. The question is whether that is more than wishful thinking.
China has been into lunar festival mode over the past weeks and all offices and factories would have been closed anyway. Damage might have been obvious in the consumer industry as even outside Wuhan many inhabitants kept off the streets. But the major question is now, as the lunar festival holidays end, whether China’s massive work force returns to their workplaces.Read More →
One of the major global initiatives by China was the massive Belt and Road Initiative, reviving the old silk roads. In May 2017 a major international conference showed what our experts were already expecting: now all roads lead to China. Even countries who suffered from difficult relations with China, including both Koreas, appeared in Beijing.Larger than the former Marshall Plan after the Second World War, OBOR is going to redefine global trade.Read More →
Religion is on the rise in China, despite worries from the government. China’s diaspora’s are a source of Christianians, as a growing number of Chinese return home with their newly found religious feelings, says journalist Ian Johnson, author of The Souls of China: The Return of Religion After Mao, at CNN in a story on Kenya.Read More →