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China’s young rich are riding the tech boom, but most of rich kids come from their family. The Chinese young rich kids are the perfect target for brands. They play an important role in China’s booming luxury market, mostly because their parents have money to spare and they are a generation of people who grew…
Concerns have been raised by the global elite at Davos about China’s potential reopening and its implications for inflation.Economists warn that if this is the case, the U.S. Federal Reserve may need to raise rates even more.Davos CEOs are told by Beijing’s top economic advisor that China is backLiu He makes a pitch for the…
Many people traveled by land, sea, and air to China on Sunday. They were eager to reunite with their loved ones, many of whom had been waiting for them since the COVID-19 pandemic. Three years later, mainland China has opened land and sea crossings to Hong Kong. It also ended the requirement that incoming travelers…
China reopens its borders today , it could be a GREAT year for any business in the Tourism industry. All over the globe, Tourism experts welcomed the news but they are not expecting an immediate influx of Chinese travellers, traditionally saw a boom in Chinese tourists for the Chinese new year. China was the most…
Anti-aging cosmetics have become increasingly popular in China in recent years, as more and more people look for ways to maintain a youthful appearance and slow the visible signs of aging. Anti-aging products, which can include creams, serums, and other skincare items, are designed to reduce the appearance of wrinkles, fine lines, and other blemishes…
As stated by China National Bureau of Statistics, Chinese parents are spending 30% of their household income on their children. In 2020, the increase in expenditure made China’s Baby Food & Drink Market worth US$ 30.1 billion. A lot of this spending is focused on typical baby feeding and food for small kids. The baby formula…
WeChat updated its policies in 2018. It is now possible for foreign companies to create and operate a WeChat Official Account overseas. Since July 2018, the overseas official accounts are visible to users in Mainland China. This gave international companies the ability to market their campaigns and manage business affairs. Directly from overseas but within…
The baby products market in China is one of the most competitive, and its future looks bright. Chinese parents spend large amounts even before the baby arrives. The demand for innovation in this market isn’t slowing down any time soon. With a fast growth rate, baby products in China are anticipated to expand at a 14.5%…
Baby formula is the most-demanded and regularly-bought baby product in China. While Baby formula exhibits a clear dominance in the market, there is a growing preference for ultra-premium formula products. Ultra-Premium Formulas are growing their market share. In first- and second-tier cities, ultra-premium baby formula sales have outstripped cheaper options. Ultra-premium products account for more…
Imagine having a baby or a toddler and not having a stroller! This small folding chair on wheels is a must have item on almost every parent on the planet. In China, as the demands of millennial parents increase, stroller brands are creating items with the most attractive and high-quality designs. For brands, competition may…
2022-2023 the best guide about market Pet products in China for new brands. With the ever-changing demographic and cultural landscape, pet products market in China is burgeoning and provides a ripe opportunity for investors. Animals are no longer seen as practical creatures in China. They have become family members, particularly for Gen Z, who are…
China: Diaper Market Giant Diaper market giant China has generated US$9,805.00m alone in 2022. The biggest revenu globally! In 2020, the market penetration rate of infant diapers was at 77.1 percent. Increased rapidly from 51.6 percent in 2015. That year, the baby diaper market in China scaled at around 48.6 billion yuan. China’s history with…
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