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Fashionably Sensitive In Chinese Investing
Fashionably Sensitive In Chinese Investing - Trends
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Just a few years ago, whatever product had the highest price tag motivated China's nouveau riche to spend money and show off their newfound wealth. But as affluent Chinese grow accustomed to the good life, many are reaching international levels of sophistication when consuming luxury products and are no longer swayed solely by price. Chinese consumers now buy more than $6 billion worth of luxury items a year, making them the third largest segment in the world after their counterparts in the United States and Japan. My firm estimates that luxury consumption will grow 20 percent a year for the next five years and that the ...
Aphorisms representing a knowledge broken, do invite men to inquire farther; whereas Methods, carrying the show of a total, do secure men, as if they were at farthest. - McLuhan, the Gutenberg galaxy (University of Toronto, 1962) 102. Let me repeat what I was just about to say ! "We have to know what we are doing in advance. We have to repeat what we were about to say." Marshall McLuhan, The Be-Spoke Tailor, Explorations Magazine, Volume 8, Section 4, October, 1957. ---- Introduction James Reston wrote in The New York Times (July 7, 1957): A health director . . . reported this ... Read More
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