Consumer confidence is at a new low, and businesses are not optimistic, says business analyst Ben Cavender in the Jing Daily. Luxury consumption is especially suffering, he says. “However, brands will have to work much harder to resonate with consumers and get them to spend.”Read More →
After a slow start, after opening up after COVID-19, China’s economy is showing slow signs of recovery this autumn, says Shanghai-based business analyst Ben Cavender in the state-owned China Daily.Read More →
Confidence among consumers and investors in China’s economy is at a low and even getting lower in the coming weeks, says business analyst Shaun Rein to CNBC. Even a firm financial stimulus from the government like in the past is not going to work, as shortage of liquidity is not the real problem.Read More →
Confidence among consumers and investors is still low, but Shanghai-based analyst Shaun Rein sees some light at the end of the tunnel. Liquidity is not a problem, but both consumers and investors are still careful in spending their money for the next two, three months, he tells CNBC.Read More →
Live streaming is a solid marketing tool in China, but some of the live streamers focus now on TikTok for Europe and the US. Business analyst Shaun Rein explains to AP why that shift is happening.Read More →
Based on sales in public auctions, Rupert Hoogewerf, chairman of the Hurun China Rich List, presents the 16th Hurun China Art List, with the 100 most successful artists living in China last year. With a total of US$347mn, the figures dropped dramatically because of the Covid-19 crisis. It still shows amazing financial firepower, promising much for the future, Hoogewerf adds.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 →
Young entrepreneurs should dream bigger, says Hurun chairman Rupert Hoogewerf, publisher of the Hurun China Rich List, based on his talks with many rich in China.Read More →
Business analyst Shaun Rein comments on the disappointing figures from Alibaba for CNA. “The economy is improving, but certainly not on track,” he says. While the consumers might be traveling more compared to 2019, they are certainly spending less, as their confidence is low, Rein adds.Read More →
The SOSV Chinaccelerator has been a successful Shanghai-based VC in China for a decade. Managing director William Bao Bean, explains to Russel Flannery of Forbes how they re-invented themselves and started to export their China strategy to other emerging economies as Orbit startups and stopped investing in China.Read More →
China is taking a stricter line when it comes to national security and spying when it comes to foreign companies, including raids of the consultancies Bain and Capvision offices in China. Intercultural leadership coach Gabor Holch guides those foreign firms through the intercultural minefield, he tells in the South China Morning Post, in an article about the last warnings,Read More →
The crowds might be back in China’s restaurants but they are not spending as much as they used to. The economy is not back on track, the labor market is bad and salaries are being cut. Business analyst Shaun Rein has sent his researchers out, and they did come back with bad news, he tells CNBC.Read More →