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China Consumer Behavior Trend Watching

China, Socialism & Consumer Behavior: Rising cost of luxury goods slows to 2009 level

Price increases for luxury goods and services in China this year are at their slowest level since 2009 but continue to outpace inflation, according to a report by the Hurun Research Institute. China’s Luxury Consumer Price Index, which measures price changes in 62 luxury items, rose 4.94 percent in June from a year earlier, 2.79 […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: private aviation market in boom

China’s private aviation market is on the verge of experiencing a sonic boom. Since 2008, the number of jets registered on the mainland has tripled to 137, and experts expect that digit to soar past 1,000 by the end of the decade […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: Where the Chinese Millionaires and Super Rich Live

According to Hurun Research Institute, there are a total of 2.7 million dollar millionaires in China and those in Beijing, Guangdong and Shanghai combined represent almost half of total dollar millionaires (47.6%) […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: Chinese travelers shop until they drop

Spending by Chinese travelers nearly doubled from 2010 due to the growing number of affluent shoppers and the yuan’s appreciation, Hurun Report said recently […]

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Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: Shanghai’s number of millionaires grows

One in every 175 people living in Shanghai has personal wealth of more than 10 million yuan (US$1.5 million), the Hurun Research Institute said recently […]

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China Consumer Behavior Economics Trend Watching

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 […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: Beijing tops the Chinese Nouveau Riche list

Recently the Hurun Research Institute published the 2009 Chinese Nouveau Riche Consumption Standard Report on the new rich in six cities: Beijing, Shanghai, Hangzhou, Shenzhen, Chengdu, and Shenyang; and the winner is: […]

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China Consumer Behavior Economics

China, Socialism & Consumer Behavior: 6 in 10,000 people are multimillionaires?

6 in every 10,000 people in China have a personal wealth of more than 10 million yuan ( nearly 1.5 million US dollars), shows the recently issued “Hurun Wealth Report 2009”. After the report came out, it immediately raised a lot of doubts among netizens: “Have Chinese people really become so rich?” […]

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China Consumer Behavior Economics

China, Socialism & Consumer Behavior: Hurun issues report on wealth decline for China’s top 20 richest people

The Hurun Research Institute recently released a report showing the plummet in wealth of the top 20 richest people on the 2008 China Rich List. According to the report, the net worth of the stakes that China’s top 20 richest people hold in their listed companies had shrunk by 91.1 billion yuan or 40 percent […]

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China Economics Information Technology

Internet in China: Alibaba.com largest IPO since Google went public

Alibaba.com, the largest business-to-business portal in China underwent its first day of public share trading in Honk Kong, and the results exceeded all expectations, as the price tripled, raising $1.5 billion. The public offering is expected to raise nearly $2 billion in Hong Kong, making its debut offering as large as Google’s 2004 I.P.O. in the United States. ‘We are pleased to welcome investors from Hong Kong and around the world to join us in building a world-class e-commerce company,’ said Jack Ma, non-executive chairman of the company and chairman and chief executive officer of Alibaba Group…