Foreign fast food chains like McDonalds and KFC are wildly popular in China, but domestic chains failed to have a similar success. Retail analyst Paul French explores in Foreign Policy why his favorite Real Kung Fu restaurant has only a few hundred outlets, while foreign competition has many thousands.Read More →
Australia has been dropping on the list of favorite destinations for Chinese tourists, reports the Brisbane Times. China Rich list composer Rupert Hoogewerf explains why other destinations like the France, Singapore, Italy, the UK, the US and Switzerland are today doing better.Read More →
The bird flu and food scandals did not help KFC to continue their success story in China, their largest market. But also in terms of their offerings KFC is losing grip on the market, tells business analyst Shaun Rein in Business Week.Read More →
Hong Kong retail is booming, as mainland shoppers in first-tier cities saw wages going up 12% in 2013, says business analyst Shaun Rein on CNBC. But consumer confidence is still weak, especially middle-class men who are fearing wage stagnation as investments drop.Read More →
US chocolate maker Hershey currently has two percent of the China market, and is small compared to bigger players like Mars and Nestle. Business analyst Shaun Rein explains at the Wall Street Journal the China premium chocolate market is growing 20% per year, but domestic competition is making life tough. But Hershey wants a market share of 27% by 2017.Read More →
Battling a slowdown in Apple’s China sales by doubling the number of outlets might just not be enough, tells retail analyst Shaun Rein in Bloomberg. Apple is facing “serious political headwinds”.Read More →
China’s millionaires have discovered luxury cars as a favorite hobby, and own on average three cars per family. Hurun Rich List founder Rupert Hoogewerf got the figures together in his latest Hurun Report, he tells AFP.Read More →
Apple got itself into trouble with the government last month, but a bigger fight is looming, says business analyst Ben Cavender in Quartz. First, the Chinese government has noted Apple iTunes does not comply with its censorship regime. And convincing Chinese consumers they have to pay for content might even be a larger barrier for business.Read More →
A domestic media campaign against the customer service of Apple has been followed by government investigations, by the SAIC, tells business analyst Ben Cavender IDG News. “A bit of sensationalism,” he says.Read More →
Thousands of dead pigs and ducks illustrated over the past weeks again China is having a huge food security problem. Lawyer Mark Schaub of the Chinese-Australian law firm King&Wood and Mallesons gives in China Law Insight an overview of how the country’s central government is trying to close the loopholes in the current messy approach of food security.Read More →
Starbucks is doing a stellar job in the China market. But not by selling coffee, says retail analyst Paul French. They are selling a lifestyle, no beans, he tells in The Province.Read More →
Asia has become from the poor kid at the block into one of the leading economic forces, led by consumers, tells business analyst Shaun Rein at the BBC. “It rivals the US in trade and economic influence.”Read More →