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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 Economics Trend Watching

China, Technology and the Environment: more energy efficient in 2010

China’s energy efficiency improved by a bigger margin in 2010 partly because local governments shut down some industrial capacity to meet year-end targets […]

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China Information Technology Innovation Trend Watching

Internet in China: savvy China plugs into future

The idea of a world where even everyday objects, such as books and air-conditioners, are plugged into an Internet network seems like a scenario from a science-fiction movie. China is tapping into such a world […]

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China Economics Trend Watching

China, Technology and the Environment: Chinese National Energy Commission is established

China has established the National Energy Commission for better coordination in formulating energy strategy and development planning, said an announcement released by the General Office of the Chinese State Council recently […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: Chinese premier stresses expansion of domestic consumption

Chinese Premier Wen Jiabao stressed the importance of promoting domestic consumption and independent research and development during a three-day inspection tour of the central Hunan Province, which ended recently […]

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China Consumer Behavior Economics

China, Socialism & Consumer Behavior: looks to its own consumers

China is rebalancing its economy to focus more on domestic consumption than exports in order to achieve its growth target, Chinese Premier Wen Jiabao has said. Addressing an Asian regional forum in southern China, he announced a $10bn (over 1.5 billion US dollars) fund for infrastructure projects in south-east Asia […]

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China Innovation

Intellectual Property: “China to strengthen protection of intellectual property rights”, says Wen Jiabao

Chinese Premier Wen Jiabao said recently that the Chinese government would increase efforts to protect intellectual property rights (IPR). Wen was speaking in a meeting with Francis Gurry, director-general of the World Intellectual Property Organization (WIPO) […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: In a Tidal Shift, Chinese Spending More Overseas

Money is moving in a new direction in China — out: Some Chinese are so eager to turn their yuan into other assets that when an online real estate brokerage organized a tour of foreclosure auctions in the United States, it received so many applications that it had to turn away nearly 400 people. In Shanghai, cash-rich Chinese companies are buying high-yield bonds issued by distressed American companies at a time when most investors are steering clear of bonds even from solid companies […]

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China

Living in China: Cabinet passes new medical reform plan

The Chinese State Council, or Cabinet, passed a long awaited medical reform plan which promised to spend 850 billion yuan (123 billion U.S. dollars) by 2011 to provide universal medical service to the country’s 1.3 billion population. The plan was studied and passed at a recent executive meeting of the Chinese State Council chaired by The Chinese premier Wen Jiabao, and has been deliberated by authorities since 2006…

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China Innovation

China, Technology, Innovation and the Environment: Energy consuming industries developing too fast

Industries with high energy consumption and emissions are developing too fast in China, along with the quick economic growth, the Chinese State Council, or Cabinet, warned on recently. The traditional industry structure remained unchanged, while the service sector and high-tech manufacturing weighting fell in the national economy, State Councilors heard at a meeting focusing on energy saving and emission reduction, chaired by Chinese Premier Wen Jiabao […]