Chinese consumers still buy luxury goods, despite a relative economic dip, says business analyst Shaun Rein in the New York Times. But their preferences are shifting and diversifying, depending on demographics and spending power.Read More →
Much of the consumption power is in the hands of China’s 2.7 million millionaires (in US dollars). China rich list founder Rupert Hoogewerf or Hurun gives in Adage the profile of the super rich.Read More →
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.Read More →
More rich Chinese are leaving China, a feature that is triggered by economic basics, tells business analyst Shaun Rein in NPR’s marketplace. Slowing economic growth mean that high-growth opportunities are elsewhere.Read More →
Australia scores high among China’s rich, not only as travel destination, but also as place to live, notes China Rich List founder Rupert Hoogewerf in The Sydney Morning Herald, after the release of a new report.Read More →
China’s extreme rich are very young compared to the billionaires elsewhere in the world, but they are getting older. The Hurun rich list of those under 40 years old, composed by Rupert Hoogewerf, lost 23 over last year, because they turned 40, he tells in China.org.cn.Read More →
France is the top destination of luxury traveler, followed by the US and Australia. The Maldives, Switzerland and Dubai are the fastest growing, tells Rupert Hoogewerf, founder of the rich list in the Shanghai Daily.Read More →
Young billionaires worldwide tend to inherit their capital, but not in China. In China very few of the rich inherit their wealth, tells Rupert Hoogewerf of Hurun of the China Rich List in the Shanghai Daily.Read More →
The wine market in China is still dominated by crazy prices for crazy bottles, but Hurun founder Rupert Hoogewerf expects the madness will phase out, and China will become a mainstream wine drinking nation, he tells The Telegraph.Read More →
In Shanghai 370,000 residents are millionaires in US-dollars in 2012, and although most still get their fortune from real estate Rupert Hoogewerf of the Hurun Rich list estimates art and wealth management will take over as sources for wealth in the city, he tells the Jing Daily.Read More →
The number of rich and super rich is growing fast in Shanghai, tells Hurun founder Rupert Hoogewerf in The China Daily. But unlike their global colleagues, Shanghai rich tend to be business owners, and to a lesser degree real estate developer.Read More →
Author Shaun Rein of “The End of Cheap China: Economic and Cultural Trends that will Disrupt the World” hits the famous Dylan Ratigan show on his book tour in the US and explains how pollution and food safety haunt Chinese citizens more than a regime change. US consumers will have to pay higher prices.Read More →