Tagged: Chinese Mainland

China, Socialism & Consumer Behavior: Swiss watches clocking up record sales in China 0

China, Socialism & Consumer Behavior: Swiss watches clocking up record sales in China

Chinese consumers are helping to boost the Swiss watch industry, with exports worth 19.3 billion Swiss francs (US$21.1 billion) last year, an industry report shows …

China, Socialism & Consumer Behavior: becoming the biggest market of luxury products 0

China, Socialism & Consumer Behavior: becoming the biggest market of luxury products

Observers predict that China will soon be biggest in the world for high-end designer consumer goods. Chinese people will buy more than half their acquisition of luxury goods on the mainland in 2014 rather than overseas, as is the case now, business research and consulting firm Frost & Sullivan said in its latest survey […]

China, Socialism & Consumer Behavior: Shoppers go abroad for luxury bargains 0

China, Socialism & Consumer Behavior: Shoppers go abroad for luxury bargains

Chinese consumers spent about US$7.2 billion on luxury goods overseas during the week-long Spring Festival holiday, a 28.6 percent jump year-on-year, according to a survey […]

Living in China: Shanghai holds the highest population of foreigners 0

Living in China: Shanghai holds the highest population of foreigners

Shanghai has the largest population of foreign nationals among all domestic cities and provinces in China, with about 143,200 expat residents living in the city, the Shanghai Statistics Bureau announced recently. Nearly one in every four foreign residents in the country lives in Shanghai, according to the sixth national census conducted in November 2010. […]

Living in China: Beijing more expensive than Paris 0

Living in China: Beijing more expensive than Paris

Beijing is the most expensive city on the Chinese mainland for expatriates, ranking the 20th highest in the world for costs of living, according to an annual report released by Mercer, a US-based consulting company […]

China, Socialism & Consumer Behavior: China to cut tax on luxury goods 1

China, Socialism & Consumer Behavior: China to cut tax on luxury goods

China, already the world’s second-largest luxury goods market, will soon slash import duties on “opulent items” to encourage wealthy local shoppers to buy more pricey cosmetics, watches and liquor […]

China, Socialism & Consumer Behavior: luxury market grows 23% in 2010 0

China, Socialism & Consumer Behavior: luxury market grows 23% in 2010

Luxury market grows 23 percent in 2010 from 68 billion yuan (US$10.2 billion) in 2009, with the younger generation driving sales […]

Education in China: Survey reveals universities turning out billionaires 0

Education in China: Survey reveals universities turning out billionaires

Shanghai’s universities rank second in the country behind Beijing as cradles of billionaires and business tycoons […]

China, Socialism & Consumer Behavior: China’s richest people are getting even richer 0

China, Socialism & Consumer Behavior: China’s richest people are getting even richer

The average wealth of the Chinese mainland’s top 1,000 richest people jumped 26 percent to US$722 million this year from a year earlier despite the sluggish stock market and the tightening measures meant to cool the sizzling economy, according to the latest Hurun Rich List […]