“It is estimated that nearly 60 million children are left behind in rural hometowns while one or both parents work in manufacturing or city jobs. “

~ from Chapter 6 of China’s Economic Supertrends by Jason Inch

]]> http://www.chinasupertrends.com/photo-of-the-day-chinas-floating-population/feed/ 0 http://www.chinasupertrends.com/todays-links-chinas-stimulus-plan-surge-in-luxury-brand-sales-bright-acquires-weetabix/?utm_source=rss&utm_medium=rss&utm_campaign=todays-links-chinas-stimulus-plan-surge-in-luxury-brand-sales-bright-acquires-weetabix http://www.chinasupertrends.com/todays-links-chinas-stimulus-plan-surge-in-luxury-brand-sales-bright-acquires-weetabix/#comments Mon, 14 May 2012 01:46:12 +0000 news http://www.chinasupertrends.com/?p=594 Despite the fact that many luxury and electronic brands such as Apple are experiencing growth in sales, “consumption in China is actually severely depressed…To reduce taxes and stimulate consumption, China will likely increase the minimum deductible salary, increase wages and give more subsidies  or tax cuts to small and medium enterprises.”
(Chapter 1 of China’s Economic Supertrends).

Today’s China links:

• Chinese Food Company takes a big bite out of Weetabix
• US Treasury Secretary urges China to focus on domestic consumption to sustain China’s economic growth
• Shanghai Disneyland spurs increase in foreign direct investment into the city
• Temasek to sell $2.4bn in shares in its Chinese banks as profits at banks slow
• Luxury brands in China experience surge in sales
• Canadian farmers looking to milk China’s high demand for grains and oilseeds
• China kickstarts stimulus plan in response to signs of weakening economy
• In the meantime, the Wall Street Journal are skeptical of the stimulus plan’s effectiveness

Photo credit: Han Yi

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Photographer: Han Yi

China’s Great Firewall will continue to face challenges in the future.  In the meantime, Mongolia may be putting up its own walls to stem the flow of Chinese foreign investment.

Today’s China News Links:

• US and Chinese film industries join forces to build Chinawood, a $1.27 bn movie making complex in Tianjin.
• China’s PMI rises indicating re-energizing of manufacturing output.
• Resource rich Mongolia  suspends exploration and mining activities at flagship mine in a possible  move to wean itself off from Chinese foreign investment.
• GE shifts attention from China to Australia.
• Netizens at the great firewall. Deadline for real-name registration on microblogging sites passes without a hitch…for now.
• The incredible shrinking trade surplus.

Art Scene in China

Today’s Links:

• China to become the next art superpower?
• The auto industry ramps up production of luxury cars in China. On a related note, GM will also open an additional 600 dealerships as well.
• Huawei’s net profit falls by 53 %
• Chinese manufacturers begin to experience a rebound
• Hollywood’s move to the East to hit a possible roadblock with bribe investigations
• LVMH launches new site to reach Chinese consumers
• The Lancet’s China themed issue takes a look at the healthcare system

Photo credit: nuomi

"China is simply crazy for cars. With just over 100 private motor vehicles per 1,000 people (versus 750 cars per 1,000 in the United States and 120 per 1,000 globally) China's personal car ownership market is expected to grow quickly." - Jason Inch (Chapter 5 - The New Manufacturing Supertrend, pg 181)

Photo credit: China Supertrends Photography Project

Here are today’s China’s news links:

• The property bubble deflates as home prices continue to fall
• Scrimp or splurge syndrome: the real spending habits of China’s middle class
• China’s TCL partners with IKEA to make the UPPLEVA
• Those in rural dwellers will suffer the most from the upcoming demographic crisis
• China to offer a crude-oil futures contract
• A growing number of U.S. film studios are teaming up with Chinese studios but what kind of issues lie ahead?
• Goldman Sachs to sell $2.3 billion stake in ICBC
• The Economist talks about the issue of water shortage in China
• Mini electric cars are a hot sell amongst lower-income buyers in China while Ford drives expansion in China with new plants. As indicated by the demand for license plates and as mentioned in the New Manufacturing Supertrends chapter, the demand for cars in China continues to grow.

Here are today’s China links:

• China’s domestic consumption to rise 15 % and drive growth in 2012
• China Construction Bank’s growth expected to slow down despite rise in profits
• Chinese airlines begin to target international markets with expansion abroad
• Meanwhile, China Eastern and Qantas join forces to set up a budget airline
• Apple’s Tim Cook visits China
• Huawei to ask Australia to reconsider them for a broadband project after being banned

Photo: Robert Scoble

Here are today’s China news links:

• Manufacturing in China continues  to slow.
  
• In the meantime, clothing factories shift production away from China and  go West
• China likely to give go ahead on Google-Motorola
• Law drafted in China to encourage good Samaritans who lend a helping hand
• Outlook for China’s banking sector takes a downturn

China links of the day:

• China’s property prices continue to fall
• Steel industry in China negatively impacted by the slowdown of high speed rail development and construction projects
• Schools in East Asia, including some Chinese universities, are inching their way up school rankings.
• IMF’s Legarde suggests that China must wean itself off from exports and investment
• The Economist on Bo Xilai’s downfall

In collaboration with one of China’s best foreign book specialist booksellers, Garden Books, the co-authors of Supertrends of Future China will be speaking at two events in April for readers in Shanghai and Beijing:

The first event is this weekend, Sunday April 12 from 3-5 PM at the Shanghai outlet of Garden Books (located on 325 Changle Road nearby Shanxi South Road). At this event, both James Yuann and Jason Inch will be there to share their ideas about China’s immediate economic future and how this relates to careers in China, investing, and starting a business. Further information can be found about the event at City Weekend.

The second event will be held the following weekend in Beijing on Saturday April 18 from 3-5 PM at the Sequoia Cafe (44 Guanghua Road by 2nd Ring Road East). There Jason Inch will speak on the economic crisis’ effects in China, the timeline for recovery, and how this impacts expats and foreign companies doing business here. Further information about the event is at Garden Books and on City Weekend.

By the way, the book is already on sale at Garden Books for those readers in China. The book has been available worldwide for several months now but they are the first retailer that we know of to carry our book in China.  Thanks!