The dip in China’s economic growth is caused by a more careful group of consumers, who face increased prices, tells retail analyst Paul French in the Globe and Mail. And the reduction in spending on luxury goods is here to stay for a long time, he adds.
Category Archives: miscellaneous
When the KFC in China got hit by a food scandal, it took a while before they took on the inevitable buzz at the internet, says internet watcher Sam Flemming in Adage. But now they have started to face the issue directly.
Not deterred by the ongoing heavy smog in Beijing. author Zhang Lijia took of with her Polish friend Kaisa to explore the capital. The charm of the city cannot be buried by the smog, she argues on het weblog.
China’s women might not make it into the country’s ruling Politburo, they do dominate the global self-made rich women list, says Hurun rich list founder Rupert Hoogewerf in the China Daily. “The are like the Chinese ping-pong team, unbeatable.”
China is under attack in the weeks ahead of US presidential elections, yesterday as the US Congress panel released its report on telecommunication giants Huawei and ZTE. Business analyst Shaun Rein tells at The Takeaway is he concerned about the growing hysteria.
When business analyst Shaun Rein arrived in China in the 1990s, all was cheap. For the rthk he recalls, based on his book The End of Cheap China: Economic and Cultural Trends that Will Disrupt the World in half an hour how China no longer is the cheap country where he started off.
The economic slowdown is now also hurting the confidence of the luxury consumers, concludes rich-list founder Rupert Hoogewerf or Hurun, based on the 2012 Hurun Luxury Price Index, quoted in the China Daily. Growth is the lowest in six years time.
US-based China veteran Janet Carmosky will appear tomorrow in the first China Weekly Hangout, focusing on the recent trend among some high-profile foreigners, leaving China with some fanfare. The China Weekly is going to be a weekly live feature, broadcast on YouTube.
Over 500 million Chinese are on internet, and 300 million have a Twitter-like weibo account, causing a tsunami of information that is hard to manage, tells internet watcher Jeremy Goldkorn in the Deutsche Well. That offers the citizens an inprecedented freedom, despite censorship.