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CPR Consumers is a Texas based consumer service advocacy group that specializes in credit, privacy and reputation related matters.
2:26
Transcript by Newsy**** BY JACQUELINNE MEJIA You're watching multisource global video news analysis from Newsy Watch out Paris and Milan--there’s a new fashion insider on the luxury goods map. Investment research group CLSA Asia-Pacific Markets says China is set to climb to the top of the luxury goods market by 2020 accounting for 44 percent of the market share. The report indicates... “Luxury goods companies are expanding rapidly in China to accommodate demand that will account for half of their forecasted global growth in the next 10 years. Handbags, leather goods, watches and jewelery are expected to see the fastest growth.” But euronews says luxury retailers don’t have to wait to see rising profits. “A growing appetite for luxury goods in China helped LVMH (Moët Hennessy • Louis Vuitton) post a 13 percent rise in sales in the final three months of last year. The world’s biggest luxury group made profit of 4.3 billion euros for all of 2010.” So what’s creating all of this buzz for an emerging luxury market? The Wall Street Journal says - economic growth and social customs. “Appearing ostentatious isn’t a faux pas in China, it’s often the goal. Cash-heavy consumers are eager to appear flashy and are willing to pay premium prices to catch second glances.” Although the CLSA report points out that men are buying more luxury goods than women, the CEO of Ferrari North America tells CNN Money he's not ready to rule out the spending power of the brand’s Chinese female clientele just yet. “Women are really a key player. In U.S., we sell almost 1 percent cars to women, in China, 30 percent.” But a blogger for the Financial Times warns not everything that glitters is gold - China may be an up-and-coming player, but the economic climate in the country could make things difficult for luxury retailers. “Rents at high-end Chinese shopping malls can be sky-high, meaning that mainland stores cannot afford to function simply as walk-through adverts for those planning a trip to the Champs-Elysee. That leaves luxury goods makers in something of a pickle – how to get customers in their fastest growing market to buy at higher prices.” Whether Chinese consumers decide to buy their luxury goods abroad or at home, a Bloomberg market analyst says nothing will stop the indefinite growth of the luxury market. “Barclay’s Capital says Chinese luxury goods market has the potential to grow by 20-30 percent per anm for the next five years. Now not even measures to cool the economy or curb inflation will stand in the way.” So what do you think? Is China the next big player in the luxury retail game? Or is this contest above their pay grade? Get more multisource business news analysis from Newsy
8 Feb 2011
740
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2:26
Transcript by Newsy BY JACQUELINNE MEJIA You're watching multisource global video news analysis from Newsy Watch out Paris and Milan--there’s a new fashion insider on the luxury goods map. Investment research group CLSA Asia-Pacific Markets says China is set to climb to the top of the luxury goods market by 2020 accounting for 44 percent of the market share. The report indicates... “Luxury goods companies are expanding rapidly in China to accommodate demand that will account for half of their forecasted global growth in the next 10 years. Handbags, leather goods, watches and jewelery are expected to see the fastest growth.” But euronews says luxury retailers don’t have to wait to see rising profits. “A growing appetite for luxury goods in China helped LVMH (Moët Hennessy • Louis Vuitton) post a 13 percent rise in sales in the final three months of last year. The world’s biggest luxury group made profit of 4.3 billion euros for all of 2010.” So what’s creating all of this buzz for an emerging luxury market? The Wall Street Journal says - economic growth and social customs. “Appearing ostentatious isn’t a faux pas in China, it’s often the goal. Cash-heavy consumers are eager to appear flashy and are willing to pay premium prices to catch second glances.” Although the CLSA report points out that men are buying more luxury goods than women, the CEO of Ferrari North America tells CNN Money he's not ready to rule out the spending power of the brand’s Chinese female clientele just yet. “Women are really a key player. In U.S., we sell almost 1 percent cars to women, in China, 30 percent.” But a blogger for the Financial Times warns not everything that glitters is gold - China may be an up-and-coming player, but the economic climate in the country could make things difficult for luxury retailers. “Rents at high-end Chinese shopping malls can be sky-high, meaning that mainland stores cannot afford to function simply as walk-through adverts for those planning a trip to the Champs-Elysee. That leaves luxury goods makers in something of a pickle – how to get customers in their fastest growing market to buy at higher prices.” Whether Chinese consumers decide to buy their luxury goods abroad or at home, a Bloomberg market analyst says nothing will stop the indefinite growth of the luxury market. “Barclay’s Capital says Chinese luxury goods market has the potential to grow by 20-30 percent per anm for the next five years. Now not even measures to cool the economy or curb inflation will stand in the way.” So what do you think? Is China the next big player in the luxury retail game? Or is this contest above their pay grade? Get more multisource business news analysis from Newsy
8 Feb 2011
805
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0:37
In this snippet, we see that Bill Gates and the World Health Organization endorse the Chinese wonder vaginal cream, Eaier. Do Chinese consumers really believe these claims? --Sent via *******heyspread**** : Upload videos to multiple sites quickly
27 Aug 2007
1789
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3:04
GMnext takes you to the Beijing Motor Show to find out about Buick's increasing influence in China. Ed Welburn, Vice President for Global Design, discusses why Chinese consumers are attracted to Buick.
25 Apr 2008
565
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0:31
Visa, McDonald's, Coca-Cola, Mercedes Benz, Adidas, Shiseido, Nike, Siemens, Lenovo and Other Major Corporations Sign on as Chinese Media Company Launches New Advertising Network in Six Major Cities Companies have paid about $75 million to sponsor the Beijing games. But there's more to the China consumer market than the 2008 Summer Olympics, and for some companies, advertising in China is a long-term investment. The economy of China is growing at a ten percent annual rate and its 1.3 billion consumers represent a new market for many global and domestic advertisers. Although advertisers currently spend only $1 per month per Chinese consumer*, advertising expenditures are growing at a rapid annual rate. In contrast, other markets, including North America and Europe, are slowing down. And Japan actually has a shrinking ad spend**. Just in time for the games, and for the Shanghai Expo in 2010, Chinese media company Network CN is launching the first phase of its out-of-home advertising network. Large, vibrant LED displays, some with full motion, are reaching millions of urban consumers who are eager to purchase products that help them showcase their newfound spending power. Covering Beijing, Shanghai, Wuhan, Nanjing, Hangzhou and Qingdao, Network CN's network currently consists of 117 roadside LED panels, 10 mega-size LED billboards, 69 light boxes and one mega-size roller-sheet billboard. All of these outdoor advertising panels have been fully installed and are operational. In collaboration with BAMC (Beijing All Media and Culture Group), designated promoter of the 2008 Beijing Summer Olympics, Network CN is also serving as representative for BAMC's LCD network in Beijing during the 2008 Olympic year, consisting of 11,000 in-building screens in governmental and office buildings, banks, hotels, hospitals and stadiums. In addition, Network CN has completed the installation of 98 light boxes within Beijing Airport's new international Terminal 3, where many Olympic visitors will deplane and take in their first impressions of China. The first advertiser to take advantage of this prominent and timely advertising opportunity is Visa, an official 2008 Beijing Olympics sponsor. Others marquee brands advertising with Network CN include McDonald's, Coca-Cola, Mercedes Benz, Adidas, Shisheido, Nike, Siemens and Lenovo. For more information, go to: www.ncnincorporated****. Also please see a Network CN press release issued through PRNewswire, which can be located by looking up news under the Company's OTC Bulletin Board ticker symbol, NWCN. * Source: Goldman Sachs industry research, 1/11/2007 ** Lehman Bros. industry research Produced for Network CN Inc.
6 Jun 2008
1101
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2:50
In this business tv show, we talk about why you need to know your market with emerging market experts Stephen Philips, Chief Executive, China-Britain Business Council, and Chris Runckel, President, Runckel and Associates, who explain why you need to get out there and meet people over and over in order to build relationships necessary to win business. Chris Runckel: Right now you’re seeing the second wave into China and essentially its companies that are coming in their looking to take advantage of the China internal market and some of them are coming in and probably going to do quite well, others are coming in and they’re rational is more on the basis, well there’s 1.3 billion people in China, there should be a market for our particular product. Those companies may not do as well. Stephen Philips: This is a ruthless market and particularly if you look at the bigger urban areas there’s a lot of international competition there so you have to have good quality product or service, you have to be really committed to marketplace, you have to go there frequently to build relationships and demonstrate commitment but then that can lead to good quality and profitable business. B&Q won the UK’s leading retail stores in the do it yourself arena in the UK have very aggressively entered the Chinese market. They now have more than 60 stores across China but what they’re done very cleverly is to modify their business model to the needs of the Chinese consumer where do it yourself isn’t actually as popular as it is in the west where obviously labour rates quite low. So in China they offer the same equipment, products and so forth but they also provide the labour force that will kit out a flat for somebody in China and that has proved to be a really successful business model. See more business news television shows featuring these experts, as they give their top expert business advice at *******www.yourbusinesschannel**** Find out more about the very latest show releases, as well as other yourBusinessChannel news by visiting our blog at *******www.yourbusinesschannel****/blog.aspx
14 Aug 2008
203
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3:03
Jeremie Waterman from the US Chamber of Commerce talks about the massive $500 billion dollar relationship between American companies and Chinese consumers.
18 May 2017
147
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