Comments on: China’s retail sector comes to the fore http://www.chinasupertrends.com/chinas-retail-sector-grows-via-expansion-and-new-consumers/ Billion Dollar Business Opportunities for China's Olympic Decade Fri, 12 Mar 2010 00:26:11 +0000 http://wordpress.org/?v=2.5.1 By: adex360 blog » Blog Archive » Wujiang Lu Renewed and Reopened http://www.chinasupertrends.com/chinas-retail-sector-grows-via-expansion-and-new-consumers/#comment-188 adex360 blog » Blog Archive » Wujiang Lu Renewed and Reopened Wed, 03 Dec 2008 16:05:06 +0000 http://www.chinasupertrends.com/?p=46#comment-188 [...] China Supertrends covers the recent reopening of Wujiang Lu (吴江路), one of Shanghai’s favorite pedestrian arcades, after having cocooned itself over the past year to remodel itself to be more “tourist-friendly.” People who have been living in Shanghai for longer than three years will have distinctive memories of the old Wujiang Road, the bustling restaurant street running parallel to Nanjing West Road near the subway station and intersection of Shimen No. 1 Road. [...] [...] China Supertrends covers the recent reopening of Wujiang Lu (吴江路), one of Shanghai’s favorite pedestrian arcades, after having cocooned itself over the past year to remodel itself to be more “tourist-friendly.” People who have been living in Shanghai for longer than three years will have distinctive memories of the old Wujiang Road, the bustling restaurant street running parallel to Nanjing West Road near the subway station and intersection of Shimen No. 1 Road. [...]

]]> By: Halfpat is the New Expat in China? Not likely… | China Supertrends http://www.chinasupertrends.com/chinas-retail-sector-grows-via-expansion-and-new-consumers/#comment-164 Halfpat is the New Expat in China? Not likely… | China Supertrends Fri, 12 Sep 2008 16:56:29 +0000 http://www.chinasupertrends.com/?p=46#comment-164 [...] expat market size is increasing. Singapore’s Frasers Property, previously featured in our article on the redevelopment of Shanghai’s Wujiang Road, plans to open 20 new serviced apartment [...] [...] expat market size is increasing. Singapore’s Frasers Property, previously featured in our article on the redevelopment of Shanghai’s Wujiang Road, plans to open 20 new serviced apartment [...]

]]> By: Around Shanghai: New Nanjing rail, digital TV and World Expo tickets | Fukien http://www.chinasupertrends.com/chinas-retail-sector-grows-via-expansion-and-new-consumers/#comment-76 Around Shanghai: New Nanjing rail, digital TV and World Expo tickets | Fukien Thu, 10 Jul 2008 11:41:21 +0000 http://www.chinasupertrends.com/?p=46#comment-76 [...] of Shanghai’s old neighborhoods isn’t exactly breaking news, but takes a fresh look at the phenomenon, specifically the gentilization of Wujiang Lu behind West Nanjing Lu. Starbucks [...] [...] of Shanghai’s old neighborhoods isn’t exactly breaking news, but takes a fresh look at the phenomenon, specifically the gentilization of Wujiang Lu behind West Nanjing Lu. Starbucks [...]

]]> By: Schmiegel http://www.chinasupertrends.com/chinas-retail-sector-grows-via-expansion-and-new-consumers/#comment-62 Schmiegel Thu, 03 Jul 2008 09:26:54 +0000 http://www.chinasupertrends.com/?p=46#comment-62 With higher rents in the city core, the question is whether the mom-and-pop restaurants can handle the rent and survive vs. fancy brands that may not necessarily have high rates of turnover but have better financial backing. If they can't, then they'll keep being pushed to the side streets and/or outskirts of the district. As for the Mastercard salary forecast, I think they're basing that $60,000 average salary by 2016 for 1/4th of the Chinese urban population on some wildly optimistic assumptions. Stats from the Chinese Academy of Social Sciences (CASS) late last year showed that the average white-collar worker in Shanghai earned 5,350 yuan ($717) a month or ~RMB8,400 a year. They must be expecting the RMB to hit parity with the US$ in less than a decade... With higher rents in the city core, the question is whether the mom-and-pop restaurants can handle the rent and survive vs. fancy brands that may not necessarily have high rates of turnover but have better financial backing. If they can’t, then they’ll keep being pushed to the side streets and/or outskirts of the district.

As for the Mastercard salary forecast, I think they’re basing that $60,000 average salary by 2016 for 1/4th of the Chinese urban population on some wildly optimistic assumptions. Stats from the Chinese Academy of Social Sciences (CASS) late last year showed that the average white-collar worker in Shanghai earned 5,350 yuan ($717) a month or ~RMB8,400 a year. They must be expecting the RMB to hit parity with the US$ in less than a decade…

]]> By: Jason Inch http://www.chinasupertrends.com/chinas-retail-sector-grows-via-expansion-and-new-consumers/#comment-57 Jason Inch Tue, 01 Jul 2008 17:07:46 +0000 http://www.chinasupertrends.com/?p=46#comment-57 Hi Micah, this post was meant to be a little tongue-in-cheek, while pointing out the serious need for China’s retail service sector develop when exports start to decline. In fact I am one of those people who misses the ‘old’ Wujiang Road (and I loved the creepy guy statue). I fear eastern Wujiang Road will soon be gone as well: I saw a city development plan that indicated it would become a green-space park. <em>Zhen kexi!</em> <em>Meihuagao</em> was one of my favorite snacks and, since the renovation of western Wujiang Road, I haven’t been able to find them again. That said, the new design of Wujiang Road is better: Cleaner, bigger, brighter. But can anybody love the fact there a <em>four</em> coffee shops, <em>four</em> ice cream shops (plus a Beard Papa), a Subway, Yoshinoya, 85 Degrees bakery, a Chamate (Yi Cha Yi Zuo) and a Tissot brand store thrown in for good measure? Do we really need more of these things? Give me my <em>meihuagao</em> back, please. @ Adex360 - I think large Chinese cities such as Shanghai are quickly adopting the same global mashup of trademarked retailers that can be seen in any mall throughout Asia and around the world, so I’m not going to be a brand-Luddite either, but I honestly hope that the balance between old and new can be maintained, and that China develops more of its own brands before its streets are overwhelmed by foreign brands. Can Be For Time tea houses and Tea Storm kiosks hold their own against the likes of Starbucks? Hi Micah, this post was meant to be a little tongue-in-cheek, while pointing out the serious need for China’s retail service sector develop when exports start to decline.

In fact I am one of those people who misses the ‘old’ Wujiang Road (and I loved the creepy guy statue). I fear eastern Wujiang Road will soon be gone as well: I saw a city development plan that indicated it would become a green-space park. Zhen kexi!

Meihuagao was one of my favorite snacks and, since the renovation of western Wujiang Road, I haven’t been able to find them again. That said, the new design of Wujiang Road is better: Cleaner, bigger, brighter. But can anybody love the fact there a four coffee shops, four ice cream shops (plus a Beard Papa), a Subway, Yoshinoya, 85 Degrees bakery, a Chamate (Yi Cha Yi Zuo) and a Tissot brand store thrown in for good measure? Do we really need more of these things? Give me my meihuagao back, please.

@ Adex360 - I think large Chinese cities such as Shanghai are quickly adopting the same global mashup of trademarked retailers that can be seen in any mall throughout Asia and around the world, so I’m not going to be a brand-Luddite either, but I honestly hope that the balance between old and new can be maintained, and that China develops more of its own brands before its streets are overwhelmed by foreign brands. Can Be For Time tea houses and Tea Storm kiosks hold their own against the likes of Starbucks?

]]> By: adex360 http://www.chinasupertrends.com/chinas-retail-sector-grows-via-expansion-and-new-consumers/#comment-56 adex360 Tue, 01 Jul 2008 16:57:55 +0000 http://www.chinasupertrends.com/?p=46#comment-56 <strong>Wujiang Lu Renewed and Reopened...</strong> To say that China has changed over the past decade is an understatement. With its cities expanding upwards as fast as they expand outwards, the rate of development within China is nothing short of breath-taking. As construction cranes give way to more ... Wujiang Lu Renewed and Reopened…

To say that China has changed over the past decade is an understatement. With its cities expanding upwards as fast as they expand outwards, the rate of development within China is nothing short of breath-taking. As construction cranes give way to more …

]]> By: Micah Sittig http://www.chinasupertrends.com/chinas-retail-sector-grows-via-expansion-and-new-consumers/#comment-55 Micah Sittig Tue, 01 Jul 2008 15:39:01 +0000 http://www.chinasupertrends.com/?p=46#comment-55 Having a hard time if this article was written with tongue firmly in cheek... Having a hard time if this article was written with tongue firmly in cheek…

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