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March 18th, 2008 by China Business Success Stories
Sourcing from China has evolved from a straight-forward, cost-driven approach to more elaborate and strategic varieties. While the recent product recalls did not seem to have impacted Chinese exports based on overall figures, however we have come across anecdotal evidence suggesting the otherwise.
Undoubtedly the initial sourcing interest was triggered by China¡¯s notorious low costs, both direct (such as those for labor and land or rent) and indirect ¡¦
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March 12th, 2008 by China Business Success Stories
For certain luxury brands, China has already outstripped both Japan and Hong Kong as the largest single market in Asia Pacific. But the growing presence of luxury brands in China is bringing with it greater competition. The country¡¯s busiest streets, such as Nanjing Road in Shanghai, are witnessing fierce competition among the world¡¯s luxury brands. While some have warned that the China market is becoming saturated, for the time being the environment is still a positive one for potential entrants.
Read the rest of ¡°Luxury Brands in China: Part III¡± or post a comment >>
March 4th, 2008 by China Business Success Stories
While hard work and plain living have been revered virtues of the Chinese people for generations, there has been a growth in demand for foreign-branded or imported goods. But running counter to the growing habit of consumption in China is the traditional propensity to save. Though luxury consumption is growing, for most the dominant social idea is still prudent consumption and undertaking no more than you can perform.
Read the rest of ¡°Luxury Brands in China, Part II¡± or post a comment >>