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Jun
2014

Foshan: Editor’s view

Foshan achieved the third highest GDP in Guangdong province in 2013, and the 18th overall for China which ought to give it great potential in terms of the luxury consumption market. In addition to white-collar workers, there are also a large number private business owners and the rich second generation individuals who represent a great deal of potential to the market, in particular for luxury cars. Although there may not be enough high-end shopping malls, within the small city area, consumers can find almost all the luxury car brands, from Ferrari and Lamborghini to Bentley and Porsche.

However, due to the lack of high-end shopping malls and associated luxury items, the luxury market is still relatively weak in Foshan compared to that in Guangzhou, Shanghai and Beijing. With the development of business districts and the improvement of business environment in recent years…

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