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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: Stores offer afterlife for luxury goods

Second-hand luxury goods stores are becoming popular in China as suppliers of new products increase prices and demand for high-end items continues to rise […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: World’s top luxury brands compete to tap Chinese market

Prominent luxury brands are scrambling to get a slice of the competitive Chinese market. The 2011 Tianjin International Luxury Exhibition was held recently, right after the World Luxury Association WLA released its 2011 annual official report recently in Beijing […]

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China Consumer Behavior Economics Trend Watching

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 […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: Chinese tourists topped the list of big spenders in France

A report by Global Blue has found that Chinese visitors spent an average of 1,300 euros (US$1,900) every time they hit the shops […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: the world’s 2nd largest luxury market

If you think China is still a developing country, this piece of news is going to surprise you. China has overtaken the US to become the world’s second largest luxury market […]

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Design

Watch Olafur Eliasson playing with space and light at TED

In the spectacular large-scale projects he’s famous for (such as “Waterfalls” in New York harbor), Olafur Eliasson creates art from a palette of space, distance, color and light. This idea-packed talk begins with an experiment in the nature of perception […]

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China Consumer Behavior

China, Socialism & Consumer Behavior: luxury dresses takes up 32% of the total value of the Chinese luxury market

China’s luxury market maintains a growth rate of 20%-30% annually, ranking first in the world. World Luxury Association said that China’s luxury consumption in 2007 (jewelry, dress, leather goods, perfume, excluding private plane and yacht) reached US$8 billion, taking up 18% of the global total. In the luxury market, dress takes up 32% of the total value, perfume and cosmetics 23%, watch and jewelry 20%, ornaments and accessories 19%, home 3% and dinning table decorations 3%…