The rising anti-Chinese sentiment in Hong Kong hurts the feeling of its mainland visitors, but might hurt Hong Kong where it really hurts: in its retail sales, as the super-wealthy might choose other destinations, says business analyst Shaun Rein in CNBC.Read More →
Celebrity author Zhang Lijia dives on her weblog into the argument between Chinese from Hong Kong and those on the mainland, who have been denouncing each other, calling the mainlanders ‘locusts’, while professor Kong Qingsheng from Peking University called the Hongkongnese ‘running dogs’.Read More →
Spending on luxury products moves in China to the third-tier cities, notes business analyst Shaun Rein in an interview with AFP. Unlike the rich from Shanghai and Beijing, inhabitants of third-tier cities can travel less internationally.Read More →
The Wall Street Journal has more details of the earlier released Hurun report about how China’s rich spend their money while traveling. Tension with France have been forgotten, as Paris has become their most favorite destination. The Hurun report is produced by Rupert Hoogewerf.Read More →
As growing crowds of mainland Chinese visit Taiwan, curious to see how pre-revolutionary China could have looked like, the island could capture a major share of the luxury good purchases, says Shaun Rein in CNBC. Sixty percent of those goods are bought now in Hong Kong or Europe. Shaun Rein isRead More →
Hong Kong: too small via Wikipedia The new-to-built Shanghai Disney park should learn from the mistakes that have been made in the Hong Kong park, says Shaun Rein in Reuters. First, size matters. Shaun Rein, managing director of China Market Research said the problem with the Hong Kong park isRead More →
Shaun Rein by Fantake via Flickr The luxury goods market in China is growing fast, says Shaun Rein in CNBC, but retailers often focus on the wrong kind of customers. The rich grab a visa and shop in Milan and Hong Kong. Aspiring young buyers still want their Gucci bags,Read More →
Hong Kong via Wikipedia Since Shanghai emerged as a financial stronghold at the mainland, Hong Kong has been living in fear its would be outpaced by its northern competitor. Shaun Rein explains in the Financial Times’ weblog why Shanghai, after decades of development, is still not a real threat forRead More →
Ashley is a China marketing expert with 12 years of professional experience in China. Ashley is fluent in Mandarin, Russian, German and English. She travels from Hong Kong.Read More →