Consumer survey in China reveals surprising trends
Article Abstract:
A consumer survey of China conducted by Grey Advertising and Nielsen SRG China revealed a dramatic rise in consumer spending in recent years. Among four provinces, Chengdu had the highest spending average. Shoppers in Chengdu and Beijing were willing to pay more for brand name products but shoppers in Guangzhou were more price-conscious and were most likely to buy brands with cheaper prices. Analysts attribute the consumer behavior of the Chinese to differences in their perception of value.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Growth could slow to 6%: think tank's figure is below official estimates
Article Abstract:
China's Investment Research Institute predicts that China's economic growth could slow down to 6% in 1998 which could mean bad times ahead for the burgeoning Chinese economy. Economists maintain however, that the report is meant to shake the complacency of Chinese businesses that have remained untouched by the Asian region's economic crisis. The State Statistical Bureau maintains that China could achieve a growth rate of 8% but uneven economic activity could prove otherwise.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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