Consumer demographics, and especially the position of the middle class, boils out in China very different, cause problems for brands focusing on that middle class, tells business analyst Shaun Rein in OpenMarkts, in an interview ticking off different parts of his book “The End of Cheap China.”
Compared to the exciting times in China in May, June has been more back to basics in terms of news. Or is it a sign summer holidays are nearing? China does not honor the concept of a summer holiday, but traditionally we do see a drop in traffic during the summer, allowing us to have a break too.
The China Speakers Bureau will regularly interview their speakers, organize China-related debates, using Hangouts-on-air from Google+. Here you will see the latest contributions, organized in reversed chronological order. We started the initiative in May 2012, so allow us to get on speed, as we will keep on adding new video’s.
Almost all Chinese consumers use their mobile phone to pay, most overwhelmingly by Alipay. Fintech expert Andy Mok discusses at CCTV the implications. The technology is inplace, but the regulators are still slowing the implementation, he says. Regulation by the government is unavoidable, but in a way that serves the consumers.
Religions have become more popular in China, but the government tries now to tighten rules for religious group, writes journalist Ian Johnson, author of the upcoming book The Souls of China: The Return of Religion After Mao in the New York Times. Rules on religion are changed for the first time in a decade.