2017 CHINA MARKET OVERVIEW – LUXURY

English

In 2016, China’s luxury goods consumption fell to the lowest since 2009, which was mainly due to the slowdown in China’s economy. By 2025, it is expected that Chinese consumers will contribute 44% of global luxury market value, which is equivalent to the total sales volume of the US, UK, France, Italy and Japan in 2016.

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2017 CHINA MARKET OVERVIEW – THE RICH

English

Although China’s economy growth has slowed down over the past year, the number of high-net-worth people in China continued to grow at a double-digit rate, reaching 1.34 million by 2016, an increase of 10.7% over the previous year.

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2017 CHINA MARKET OVERVIEW – CROSS-BORDER BUSINESS

English

In 2016, China's foreign trade import and export volume both declined. Nevertheless, China's export growth rate is still better than that of the world's major economies and emerging market countries.

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2017 CHINA MARKET OVERVIEW – IMMIGRATION & OVERSEAS STUDY

English

The destination preferred by China's high-net-worth immigrants is the United States. For Chinese high-net-worth individuals, the main reason for immigration is education quality and environmental pollution. Over the past decade, the number of people studying abroad in China has quadrupled and the scale of people studying abroad has grown.

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2017 CHINA MARKET OVERVIEW – ECONOMY

English

Economically, although China has become the world's second-largest economy, its GDP growth rate further declined in 2016, and the overall economic situation in China will not be optimistic.

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2017 CHINA MARKET OVERVIEW – CITY

English

Considering population mobility and general birth rate, the number of cities with a population of over 1 million have kept increasing.

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  • 29Jun

    The Rise of Live-streaming in China

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    Live-streaming is gaining more popularity in China, especially in small or remote cities.

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  • 19Jun

    The Power of Big Data in China Market

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    In the era of big data, the traditional marketing model has changed, and applying big data into marketing field will shape the future of China’s advertising industry.

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  • 15Jun

    China’s Cruise Market Sees Boom

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    China is poised to become the world’s largest cruise market in the coming years.

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