Category Archives: China consumer

CHINA WANTS TO PEG WAGES TO INFLATION

Posted on July 29, 2010 by Denis Ouellet

The Communist Party seems focused on addressing rising income inequalities in China. The China Daily article reports on the huge discrepancies between working for State-owned entities and private companies. The Economic Observer next discusses measures taken by the Government to … Continue reading →

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SURVEY SAYS CHINA WAGES UP 10.1% IN 2010

Posted on July 28, 2010 by Denis Ouellet

An income survey report, based on 5,866 enterprises in Beijing, Shanghai and Guangzhou, released by Zhaopin.com in July, shows that the average wage rise was 10.1 percent so far this year, 1.9 percentage points higher than 2009. The statistics from … Continue reading →

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Posted in CONSUMER, China consumer, China economy, China employment, ECONOMY, EMPLOYMENT | Leave a comment

China’s Non-private sector employees see salaries up 12% in 2009

Posted on July 17, 2010 by Denis Ouellet

Average annual salaries in China’s non-private sector rose 12 percent in 2009 to 32,736 yuan ($4,835), the National Bureau of Statistics (NBS) said on Friday. But the growth rate was 5.2 percentage points less than that in 2008, said a … Continue reading →

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CHINA’S “RICH” GETTING RICHER AND YOUNGER

Posted on July 15, 2010 by Denis Ouellet

The wealthy are getting younger on the mainland, with an average age of 36, far below the average age of 48 in Hong Kong, according to a HSBC survey released on Tuesday. The survey, which covered major Asian countries and … Continue reading →

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Cheap Labor In China Coming to End

Posted on June 2, 2010 by Denis Ouellet

(…) According to the Guangzhou Daily, from 1993 to 2007, the proportion of Chinese people’s wages in the country’s gross domestic product had decreased from 49.49 percent to 39.74 percent, which means laborers’ incomes haven’t risen with the economy during … Continue reading →

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Posted in China Manufacturing, China consumer, China economy, China employment | Leave a comment

Chinese Wage Inflation

Posted on June 2, 2010 by Denis Ouellet

(…) Japan’s Honda appears to have put an end to a two-week strike at its Guangdong parts plant by raising basic pay by almost a quarter. Then there’s Foxconn of Taiwan, the world’s largest contract electronics manufacturer, where an apparent … Continue reading →

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32% of Retail Sales in China Done Via Bankcards

Posted on May 15, 2010 by Denis Ouellet

That ratio was 21.9% in 2007! In Western countries, about 80% of retail transactions use plastic. Bankcard transactions totaled 6.86 trillion yuan (US$1 trillion) in China last year, accounting for 32 percent of the country’s total retail sales, the People’s … Continue reading →

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ASIAN CONSUMERS LEADING GROWTH

Posted on May 13, 2010 by Denis Ouellet

China and other Asian countries are reporting big rises in domestic consumption reports the FT. That was my point in my January 25, 2010 post CHINESE CONSUMPTION NEAR TAKE-OFF. CLSA’s Andy Rothman added his own analysis on February 28: CHINA’S … Continue reading →

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Chinese Confidence Rises

Posted on May 7, 2010 by Denis Ouellet

Chinese consumer confidence in the first quarter hit the highest level since 2007, but people’s willingness to spend was slightly reduced by high property prices, said the latest market prospects research report. (…) Covering more than 3,500 shoppers from cities, … Continue reading →

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DEMAND FOR LUXURY GOODS RECOVERS

Posted on April 16, 2010 by Denis Ouellet

The high end is finally turning up, thanks to rising equity markets. (…) Bain’s widely watched forecast, to be released Friday, predicts sales of luxury goods will rise 4% globally in 2010, to €158 billion, following an unprecedented 8% drop … Continue reading →

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Posted in ***CONSUMER WATCH, CONSUMER, China consumer, China retailing, Europe retailing, RETAILING, UK retailing, US consumer, USA retailing | Leave a comment

China Posts 11.9% Growth in Q1

Posted on April 15, 2010 by Denis Ouellet

No surprise here: China’s economy expanded 11.9% from a year earlier in the first quarter of 2010, up from the 10.7% gain in Q4 2009. The WSJ calls this “a risky recovery”, probably envious given that the US economy faces … Continue reading →

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Posted in ***CHINA WATCH, China Inflation/Deflation, China consumer, China economy, China retailing, ECONOMY | Leave a comment

CHINA’S CONSUMER CONFIDENCE RISES

Posted on April 9, 2010 by Denis Ouellet

(…) The Bankcard Consumer Confidence Index, a barometer compiled by Xinhua News Agency and China UnionPay, rose 1.62 points to a record 86.89 in March. The latest reading showed China’s bankcard holders maintained their optimistic economic outlook, which boosted confidence … Continue reading →

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