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No Slowdown for China’s Shoppers

From BBC News: Chinese shoppers continued to spend at record levels in April, a sign that stronger domestic demand may be able to offset a slowdown in exports. Retail sales rose at an annual rate of 22% last month, the fastest...

Brands Luxuriate In Fast-growing New Clientele – Robin Kwong

Retail sales in China grew rapidly in recent years, and luxury goods were also a boom market, which attracted global brands to enter into the market. From Financial Times: In the two decades since China opened up its economy, luxury brands have piled into the world’s most populous nation in anticipation of a rapidly expanding […]

David Barboza: China, New Land of Shoppers, Builds Malls on Gigantic Scale

From the New York Times: Not long ago, shopping in China consisted mostly of lining up to entreat surly clerks to accept cash in exchange for ugly merchandise that did not fit. But now, Chinese have started to embrace America’s modern “shop till you drop” ethos and are in the midst of a buy-at-the-mall frenzy. […]

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