Chinese have been the most thrifty savers, because they felt they needed a financial buffer to compensate for poor social security, poor health care and high insecurity.That might change only with the generation, tells business analyst Shaun Rein in the Washington Post.Read More →
Australia scores high among China’s rich, not only as travel destination, but also as place to live, notes China Rich List founder Rupert Hoogewerf in The Sydney Morning Herald, after the release of a new report.Read More →
China’s consumers continue to spend, despite a small dip in growth, also for decorating their homes, argues business analyst Shaun Rein, and goes against JWT executive Tom Doctoroff, who says Chinese consumers go for cheaper products. Shaun Rein dismantles three consumers myths in Business Week.Read More →
Localization is the mantra for foreign companies entering China, but many fail. Ben Cavender, senior analyst at the China Market Research Group (CMR) will address some famous cases during a Google+ Hangout on Thursday.Read More →
Apple’s recent success in China might have gained it a lot of admirers. But the company could have done much better and could have turned China into its largest market, retail analyst Shaun Rein tells in the Pandodaily. Read More →
More reviews and reactions on Shaun Rein’sbook “The End of Cheap China: Economic and Cultural Trends that Will Disrupt the World”, today with Fortune and the Wall Street Journal: What is China’s middle class buying?Read More →
Economists differ very much on the future of China’s short term economic direction, upwards or downwards. But in every case, e-commerce giant Alibaba is going to be a winner, predicts consumer analyst Ben Cavender in Bloomberg.Read More →
The Chinese are not trying to become middle class, they want to become rich, very rich. Products like Apple and Ferrari are helping consumers is creating that feeling, tells consumer analyst Ben Cavender in the Wall Street Journal and Adage.Read More →
“Mercifully, The End Of Cheap China is not another academic tome about the most miraculous economic transformation of our times,” writes Andy Mukherjee in a review in the Strait Times about Shaun Rein’s The End of Cheap China: Economic and Cultural Trends that Will Disrupt the World.Read More →
France is the top destination of luxury traveler, followed by the US and Australia. The Maldives, Switzerland and Dubai are the fastest growing, tells Rupert Hoogewerf, founder of the rich list in the Shanghai Daily.Read More →
Korea’s car maker Hyundai tries to sell its relatively larger car in China upscale market. But asking more money for a tiny car might be a tricky strategy for the producer of small cars, tells business analyst Shaun Rein Bloomberg.Read More →
China needs to shift its economy from state investments to domestic consumption to survive. But can China withdraw that kind of power from state institutions, wonders political and financial analyst Victor Shih in the Financial Times.Read More →