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China Consumer Behavior Economics Trend Watching

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 […]

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Consumer Behavior Trend Watching

Watch Barry Schwartz’s “The Paradox of Choice” talk at TED

Psychologist Barry Schwartz takes aim at a central tenet of western societies: freedom of choice. In Schwartz’s estimation, choice has made us not freer but more paralyzed, not happier but more dissatisfied […]

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China Economics Information Technology Software

Gaming in China: Chinese government bans foreign investment in online games industry

The People’s Republic of China is building a great economic wall around its domestic online gaming industry. Reuters reports the Chinese General Administration of Press and Publication (GAPP) is prohibiting investment by foreigners in the industry, through either “joint ventures, wholly owned enterprises and cooperatives.” […]

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China

Gaming in China: investigating potential World of Warcraft upset, China may ban game

Blizzard and World of Warcraft have been having some trouble as of late in China, but this piece of news seems much more foreboding that anything that came before it. Apparently, an anonymous insider says China’s General Administration of Press and Publication (GAPP) has assigned Shanghai’s News and Press Bureau to investigate a joint venture established by NetEase and Blizzard […]

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China

Living in China: Survey shows Beijing’s office workers spend 70 minutes on daily commute

According to statistics released by the Beijing Municipal Bureau of Statistics (BMBS), residents’ average daily work-related travel time was 70 minutes in 2008, 16 minutes longer than 20 years ago. The survey’s statistics show that the average daily duration of work for urban and rural residents was 5 hours and 55 minutes in 2008, 43 minutes shorter than 20 years ago. At the same time, work-related travel time was 70 minutes, 16 minutes longer than 20 years ago.

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China

Living in China: Shanghai’s air quality report may add more pollutants

Daily ozone and carbon monoxide measurements may be included in Shanghai air quality reports to meet new standards proposed by the Chinese Ministry of Environmental Protection. The ministry wants to bring China’s air quality reports into line with international standards […]

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China Innovation

Intellectual Property: Shanghai to establish IPR protection fund

Shanghai is proposing a fund to help Chinese enterprises protect their intellectual property rights (IPR) overseas. It will protect Chinese enterprises’ IPR not only with fund, but also with related policies, said Chen Zhixing, the director of Shanghai Intellectual Property Administration at a press on September 24, 2008…

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China Economics Trend Watching

China, Technology, Innovation and the Environment: Chinese President Hu Jintao elaborates on China’s stance on climate change

Chinese President Hu Jintao said on recently that his country will take substantial measures to cope with climate change. Hu made the remarks at the Major Economies Meeting on Energy Security and Climate Change, which gathered leaders from Australia, Brazil, China, India, Indonesia, Mexico, South Africa, South Korea and the Group of Eight (G8) nations at Toyako, a resort town on the northern Japanese island of Hokkaido…