The important segment of rich Chinese sees a wide range of changes, splitting the group in at least three sections, tells retail analyst Paul French in Quartz. And all are planning better in how to spend their money as the fight against corruption turns serious.
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Lunch and dinner might already be taken over by foreign fast-food chains in China, but the battle for the breakfast has just started, explains retail analyst Paul French in the Economist.Read More →
Consumer product manufacturing like Nestle SA (NESN) and SABMiller Plc (SAB) are reporting a slowdown, even in growth markets like China. The pie might be growing, but competition is too, explains retail analyst Paul French in Business Week. Read More →
No day passes by and China faces yet another food scare, sometimes spilling over into countries abroad. Despite all the attention, those food scares are here to stay, says retail analyst Paul French in The Telegraph.Read More →
Some luxury brands keep on growing, despite a recession. Hermes expects to grow, also in the upcoming five years and Ben Cavender, principal at the China Market Research Group explains on China Daily why.Read More →
Kellog is the second cereal maker, after Weetabix, trying to enter the China market. But ongoing milk scandals have made the market a hard one to crack, tells retail analyst Paul French to AP. Nevertheless, Kellog sees possibilities for growth.Read More →
Chinese consumers still buy luxury goods, despite a relative economic dip, says business analyst Shaun Rein in the New York Times. But their preferences are shifting and diversifying, depending on demographics and spending power.Read More →
Much of the consumption power is in the hands of China’s 2.7 million millionaires (in US dollars). China rich list founder Rupert Hoogewerf or Hurun gives in Adage the profile of the super rich.Read More →
The economic slowdown is now also hurting the confidence of the luxury consumers, concludes rich-list founder Rupert Hoogewerf or Hurun, based on the 2012 Hurun Luxury Price Index, quoted in the China Daily. Growth is the lowest in six years time.Read More →
A slower growth in China is helping online ventures to gain more customers, as they are looking for more ways to save costs, tells retail analyst Ben Cavender in Business Week. Especially travel sites make leaps forward.Read More →
When it comes to marketing in China, whether you agree or disagree with his analyses and prescriptions, Rein is an undisputed expert, writes Atimes in a critical review of Shaun Rein’s book The End of Cheap China: Economic and Cultural Trends that Will Disrupt the World.Read More →
Obese Americans struggling with their health might find this odd, but McDonald’s is preferred by many Chinese consumers, because its fast food is perceived to be healthy, explains Shaun Rein in NPR. Healthy according to Chinese standards, that is. Read More →