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Chinese tourists are no longer going abroad mainly to shop. As the size and wealth of the Chinese middle class are increasing, Chinese people are increasingly becoming international tourists. According to Oliver Wyman’s recent survey of 2,000 Chinese travelers, Chinese tourists made 140 million outbound trips in 2018 – an increase of 13.5% over 2017….
You can find a report about Chinese international tourism 2019, with data and figures. Introduction: figures for Chinese outbound tourism The growing number of Chinese tourists has been revitalizing global tourism for several years. China is the largest country in the world by population with about 1.3 billion inhabitants and the fourth largest by its…
Chinese investors are likely to increase their investments in fixed income products over the next five years, while the equity allocation will remain relatively low, according to John Ott, a Shanghai-based partner at Bain. Now, the country’s wealthy investors prefer private funds to equities, according to fund managers. 1. China’s stock market down Today,…
E-commerce in China is dominated by two powerful players, Alibaba and JD.com. While most reports on e-commerce in China speak of the dominance of the duopoly, a third competitor comes to surprise us with its constant ascent. Pinduoduo is an e-commerce platform that allows users to participate in group purchase offers. Presenting itself as a…
Introduction: Art Basel and UBS Global Art Market Report found that China accounted for 21% of the US$63 billion in global art sales last year in a market dominated by the world’s super-rich. Indeed, Asia’s market share is expected to increase as its wealth increases The first fair in Shanghai attracted more than 60,000 spectators….
Introduction: The growing number of Chinese tourists has been revitalizing global tourism for several years. China is the largest country in the world by population with about 1.3 billion inhabitants and the fourth largest by its area (9,857,348 square km). China is now the fastest-growing tourism market in the world. The country’s economic growth now…
China is changing so fast, and the factory of the world is becoming more and more advanced. For those familiar with China’s last 15-20 manufacturing years, the change that is happening does not surprise them. This change occurs on several levels, and in some cases occurs at breakneck speed. Indeed, when the Chinese government wants…
Niche brands (corresponding to highly diversified products or services) are about to take a leading position in the beauty market in China according to a report by Reuter. The study, The New Face of Beauty in China, found that Chinese cosmetics consumers are moving away from major beauty brands to newcomers and organic products. Data…
All-inclusive tour operator Club Med has opened its second ski hotel in China, in the resort of Beidahu in Jilin province, northeast of Beijing. Beidahu has a drop of more than 800m – the highest vertical operating in the country – and its 13 runs, which reach up to 1,357m, are best suited to beginners…
Concierges, VIP club, Business Club are very popular in China among Rich Chinese. Why? Considering that China‘s rise as a global power is unstoppable, concierge clubs have a unique opportunity to earn robust returns. Concierge companies are lifestyle clubs that manage their customers’ private errands and respond to the most exclusive demands. These clubs appeared…
The lack of a convincing global brand DNA and relevant positioning is now an obstacle for many Western brands to succeed in China. The example of Carrefour in China The French retail group recently announced that it was selling 80% of its stake in its China operations. Many companies have been following these changes closely….
This article will introduce the booming market of Pet Food in China, trends and distribution for Foreign Business I) The Petfood Forum China The seventh Petfood Forum China attracted pet food professionals from China and Southeast Asia as well as other parts of the world. At this forum were attended 130 pet food professionals from…
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