Tagged: Yuan

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 […]

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. […]

Intellectual Property: Shanzhai Phones’ Declining Popularity in China 0

Intellectual Property: Shanzhai Phones’ Declining Popularity in China

The word shanzhai has several meanings. Originally it meant a fortified mountain village, but these days it mainly refers to small, illegal factories that churn out copies of famous-brand mobile phones. In the era of relatively simple 2G phones, the industry was huge, but now everyone wants a fancy 3G smartphone, and they’re a bit too hard to fake, leaving an uncertain future for this hidden industry […]