Chinese consumers always had a preference for foreign brands, because of quality and status. But the wealthy Generation Z – the post-millennials – is turning the tables, warns branding analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order in the South China Morning Post.
Category Archives: one-child policy
China is leading the ranks of female billionaires. Rupert Hoogewerf, chief researcher of the Hurun China Rich List gives a few reasons why women are doing better on his list. One of them is the one-child policy, he tells Caixin.
China ages and its wealthy are looking for new ways to invest their money and secure their future, says a new report by Hurun and Taikang Life insurance. “The aging group expects to lead colorful and relaxed lives, and also to travel extensively after retirement,” Hurun chair Rupert Hoogewerf said to Global Times.
The world´s most populous country is facing an unprecedented crisis, as its population ages fast, tells former New York Times Shanghai-bureau chief Howard French to PBS. The fast rising demand for social security, health care and a diminishing work force, will narrow down China´s economic expansion in the near future. The aging crisis not only shows the immense failure of the one-child policy, it will also force the country to become more welcoming to much-needed immigrants.
Details about the new 5-year plan start to emerge. But political analyst Arthur Kroeber does not see a strongman Xi Jinping pushing ahead with reforms, rather the contrary, he tells Bloomberg. The inability to abandon population control all together showsthat, he says.
Hurun published last week their annual Rich list, and its founder Rupert Hoogewerf has been wondering why women in China are doing so much better on this list, compared to other countries. One asset of the one-child policy.
The famous film director Zhang Yimou was one of the last celebrities, scrutinized by a diligent internet for supposed breaches of the one-child policy. Chinese turn to the internet for real and imaginary injustice, explains internet watcher Jeremy Goldkorn in Marketplace. “It’s a kind of Kangaroo Court mentality.”
The fast rise in prosperity and high expectation might life for the generation of single children tough, very tough, with increasing daily pressure, tells China veteran Paul French in the Telegraph.
A growing group of well-educated Chinese women have a hard time to find a husband. Shengnu or “leftover” women they are called and author Zhang Lijia explains in The Telegraph why that is a highly insulting description.
The one-child policy has been one successful tool to eradicate poverty in China, today the growing number of old people is severely undermining the ability to pay decent pensions, warns professor Wang Jianmao of CEIBS in the People’s Daily. Companies might have to pay the bill.