Archive for June, 2013

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Jun
2013

Almost 10 Million couples marry in China every year, creating an estimated annual market value of 382 Billion RMB. The scale and expenditure on a wedding can vary dramatically, for example in Hangzhou in 2012, it is reported that ...

As one of the most developed cities in China, the luxury market in Guangzhou has not developed as quickly as other comparable locations. Relatively, there are few high end shopping malls and department stores, and the major luxury brands have ...

The reform and opening policy initially implemented in the Southern region of China, in Guangzhou and Shenzhen, initiated the earliest generation of rich Chinese and private business owners in the country. As a neighbour to Hong Kong, Macao and Taiwan, ...

At the end of 2012, there were 57 large shopping centres in Guangzhou. The Tianhe district of the city is where many luxury brands and consumers are concentrated; as they live and work in this area. Over ten shopping ...

During the twelfth five year period, policy aimed to develop a modern service industry and perfect a modern market system, to building a commercial and trade environment to international standards. The plan also aimed to further enhance commerce and ...

Jun
2013

In 2011*, the total industrial output value of Guangzhou was 1,571.27 Billion RMB, a 12.7% year on year increase. The light and heavy industries attained the total output value of 554.85 Billion RMB and 1,016.41 Billion RMB respectively, an ...

The majority of consumers of high-end furniture are Chinese affluent middle class, who are positive, energetic and passionate about work and life, eager to succeed and confidant, yet at the same time insecure and require reassurance through marketing. They ...

Similar to those working in the luxury sector, furniture brands that already have a foothold in the market have been expanding their footprint across the country particularly over the last two years. In the past few years, more foreign ...

According to a number of head’s of interior design companies that we have interviewed, the price consumers typically spend to furnish for a high-end apartment or villa is about 1,000 – 3,500 RMB per m2. For example: A ...

Typically foreign brands will increase their prices once or twice a year. Usually, some newer Chinese dealers will increase prices by 10% at beginning of the year in case of the brand should raise their price; but experienced dealers ...

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