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 →
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 →
Hong Kong-based marketing expert Ashley Dudarenok dives into the lessons to learn from China and the future of retail in China, together with Kathryn Read. How did she start off in China, and evolved into one of the leading voices for both Chinese and foreign companies?Read More →
Leading economist Arthur Kroeber discusses China’s economic state and looks at the gloomy predictions from other economists. We do not have enough post-COVID-19 data to draw firm conclusions, he argues, and goes on to take down three schools of gloom in current economic thinking about China’s future, at the Fairbank Center for Chinese Studies. Read More →
China’s rules are building a divide with the rest of the world, similar to the Berlin wall Russia started to build last century, says China veteran Ian Johnson in news.com.au. “Speech is more restricted than ever. Community activities and social groups are strictly regulated and monitored by the authorities,” he explained.Read More →
While brands are rightfully intrigued by the power of streamers in e-commerce, they cannot replace traditional influencers, says branding expert Ashley Dudarenok in Campaign Asia. “While there was a time when brands favoured streamers over traditional influencers, as they thought streamers can sell, these days they know better,” says Ashley Dudarenok,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 →
Just lifting the stringent Covid-19 restrictions in China did not revive its economy as expected. The lockdowns ended in December 2022 and visas were issued in March 2023 again, but the recovery had been lackluster. The aviation industry belongs to those with the most disappointing predictions by June. 22, 2023, as it expects to be back to normal by the end of 2024, hoping for an extension of government support, reports the South China Morning Post.Read More →
China launched its first homemade cruise ship, as this part of the tourist industry struggles to stay afloat. But consumption expert Ashley Dudarenok sees a bright future for cruises from China, as this industry is still in its infancy in a country where many look for alternatives, she tells at state-owned broadcaster CGTN.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 →