July 25, 2009 | Reprinted with permission from chinaluxculturebiz
Country Overtakes US In Luxury Spending, Purchasing Nearly A Quarter Of The World’s Luxury Goods Sold In 2008
The World Luxury Association reports that spending on luxury products of all types in China has surpassed that of the United States, with wealthy Chinese spending $8.6 billion on luxury goods inside the country. Figures do not account for Chinese tourists buying luxury products overseas.
In the first quarter of 2006, the Chinese economy grew 10.2%. With the increase in growth in the Chinese market and the constant continued growth being forecast for the future, it's wise for western businesses to research what the Chinese market wants and needs before dipping their toe into the Chinese market. Here are the current trends in the Chinese marketplace:
Reprinted with permission from Brandchannel.com by Laura Fitch May 18, 2009 issue
Luxury goods consumers in China rank third in the world behind the Americans and Japanese, spending an average of US$ 6.5 billion a year. While the financial crisis has convinced many in the US and Japan that they can do without that Fendi bag, similar decreases in consumption of luxury goods in China have yet to appear.
Reprinted with the permission of Robert Hsu of www.asia.investorplace.com
As an investor, you’re probably familiar with all of the terms that are casually thrown around on Wall Street, like “pink sheets” and “profit guidance.” But have you heard of A-shares and H-shares? What about sea turtles and Chuppies? Investing in Asia can be tough for people who don’t know the economic landscape or the lingo. That’s why I’ve put together a glossary of terms that all Asia investors should know. Here you’ll find all of the expressions and phrases that will help you get started in your quest to profit from the Asia Boom.
Following my last post, a female friend of mine sent me an interesting link to a new report on digital marketing.
In the report released by market research company, Gartner Inc. late last year, the analyst Adam Sarner estimated that more than 75% of the Fortune 1000 enterprises had employed social networks as a tool of marketing and customer-relationship management. However, Mr Sarner also suggested that half of the ongoing social media marketing and customer-relationship activities will turn to failure. He highlighted Facebook as an example, saying it is uneasy for enterprises to implement marketing strategies in social networks which are a tool to promote relationship and friendship rather than a tool for enterprises to get more money.
Wednesday, March 25, 2009, 11:48:04 AM | Stefan Swanepoel (Author, Speaker & Trends Guru) Swanepoel Trends Report (www.RETrends.com)
For a long time most international markets have felt far away, and many Americans didn't care nor were they very interested in foreign cities. Although the Web has brought us closer together as a people we still remain apart. Few products or services illustrate this better than the buying or selling of a home.
Enfodesk's & International Analysis' soon to be released 'Q1 2009 Chinese Instant Messaging Market Report' has some interesting numbers:
It's a huge figure, no doubt about it. But official figures from China confirm that this is the case.
China's state-run network information center, CINIC, included this figure in a report it released in July 2008. The lengthy report has some other huge numbers:
- 253 million internet users
- Over 84% connecting via Broadband
- 73 million access the internet via mobile phones
04-13-2009
More than 70 US real estate companies made their debut at the Beijing Spring Real Estate Trade Fair this week. They were showcasing US properties and hoping to attract some of China's wealthier citizens. This was the first time a US delegation visited China to sell property. The foundation was laid by a Chinese delegation's trip to the US in March. With US housing prices decreasing and the number of wealthy Chinese increasing, buying real estate in the US has become a new trend in China.
By People’s Daily Online
In the past three days, 76 US real estate developers and real estate brokerage companies brought attractively-priced real estate properties to the first “US-China Real Estate Summit International Real Estate Exhibition Trade Fair” at the Beijing Hotel, specifically targeting the Chinese market’s demand and purchasing power.
According to incomplete statistics from the organizing committee, about 7,000 people visited the exhibition in the three days, and around 500 of them reached tentative agreements on housing purchases or investments.
SCOTTSDALE, Ariz., Mar 27, 2009 (BUSINESS WIRE) -- As emerging markets force businesses to quickly adapt to global opportunities, Prudential Real Estate and Relocation Services , Inc. is focused on delivering best-in-class solutions to help them achieve their goals of deploying talent successfully. The company's new management strategy for its international operations, announced today, is designed to help companies better manage their relocation programs in this increasingly competitive market.
April 12, 2009
Local REALTORS invited by The People’s Republic of China to attend Real Estate. Birmingham, AL, April 12, 2009 --(PR.com)-- Keller Williams Realty Inc., the fastest growing and 3rd largest residential real estate firm in North America, is making its debut in China with the attendance of Keller Williams Realty Mountain Brook/Homewood Market Center at the AIFS Expo in Beijing this weekend.
