The purchase of world’s largest yacht-maker Ferretti Group to a Chinese bulldozer maker Shandong Heavy might be taken a another sign of China’s drive to go global, China’s rich still have to discover the excitement of of yachting, tells Hurun founder Rupert Hoogewerf in Bloomberg. China is not a natural home market.Read More →
For many the purchasing habits of Chinese consumers are hard to gauge. Retail expert Paul French tells in The Telegraph why Chinese buy what and were. “Chinese consumers are still buying status.” But what gives status, might vary from other consumers.Read More →
Income inequality in the USA is larger than in China and Iran, says a report from the CIA, even though China has a huge income divide too. But one part it has done better than the USA: it taxed the rich, where the money is, not the poor, says business analyst Shaun Rein in Forbes. Read More →
The outstanding book Fat China: How Expanding Waistlines are Changing a Nation (China in the 21st Century)by Paul French and Matthew Crabbe on the dangerously changing food habits in China, has now also been warded the title “Outstanding academic title of 2011” by the magazine Choice, reports China Rhyming.Read More →
The Europeans, especially the Belgians and the Swiss, bring China the ideal gift for the wealthy: chocolate. Shanghai’s World Chocolate Wonderland showcases. Fine chocolate is high on the agenda of affluent shoppers, tells business analyst Shaun Rein in the Financial Times.Read More →
Luxury good producers like Louis Vuitton and Porsche do not have to panic after Robert Frank’s WSJ article suggesting China’s wealthy stop spending. Frank looked at the lower middle class, argues business analyst Shaun Rein in CNBC. According to his research, the real wealthy Chinese spend more than ever.Read More →
China’s economy might be facing some short term trouble, but business analyst Shaun Rein remains optimistic about consumer demand and retail for the longer term. Only Chinese equity should be avoided, he tells on CNBC.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 →
Business analyst Shaun Rein is interview on his upcoming book The End of Cheap China by David Jackson Seeking Alpha. The kick-off: what trends are Western firms missing in China (and much more)?Read More →
Global brands are focusing increasingly on China’s domestic consumption, but they will lose out if they do not take localization and the wishes of China’s consumers serious, writes business analyst Shaun Rein in CNBC. He recalls an international footwear company with sluggish sales in China.Read More →
Shaun Rein’s book The End of Cheap China: Economic and Cultural Trends that will Disrupt the World was earlier this week #23 at the Amazon bestseller list for economic books, while you can only pre-order it! A growning number of celebrities endorses the book.Read More →
Being popular in China seems attractive to many luxury products, but – argues retail analyst Shain Rein in CNBC – Louis Vuitton is becoming so popular, it might wipe away its attraction as a luxury asset. What should Louis Vuitton do?Read More →