Sunday, March 14th, 2010

China Gobbles up Luxuries Like They’re Going out of Style

About: World Luxury Association, China’s Global Times, Louis Vuitton brand LVMH (LVMHF.PK), Richemont (CFR.VX), Rupert Hoogewerf, China Daily, Hurun Rich List, China’s economy, China investing, China economy, China Stock Digest, Chinese economy, China stock market
The shopping habits of Rodeo Drive and [...]

703 MILLION EARS
THE BIGGEST AUDIENCE IN THE WORLD

China’s unimaginably large mobile phone industry just broke through another barrier today, surpassing 700 million users – 703 million to be exact. That’s twice the population of the United States which has subscribed to one of just three mobile phone companies in all of China.
The big three are [...]

The Shanghai Composite Index continues to give the world jitters. Several news sources are now fretting that a “bear market” in China means trouble for the whole world. Of course that’s not the case. China is on a world-beating growth trajectory.
Keep in mind, the Shanghai Composite Index (SCI) has now enjoyed two days of upward [...]

China is finally feeling bullish about the stock markets once again. Just last September, Chinese regulatory authorities suspended all new IPOs following a 60% plunge in the stock market. Now the ten-month blackout is coming to an end, signaling a potentially major shift in investor sentiment. Initial public offerings are in the works for Shanghai, Hong Kong and New York.

Shanghai Trumps New York

During my high-speed tour of China it has been impossible to ignore the contrast between America’s slump and China’s ongoing boom. Everywhere from Hong Kong to Beijing, the signs of growth are simply impossible to miss. Construction cranes dot every skyline, and city stores and streets are jammed.
Obviously China is the right [...]