日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Op-Ed Contributors

Luxury goods can't buy happiness

By William Daniel Garst (China Daily)
Updated: 2010-07-30 07:54
Large Medium Small

China's National Bureau of Statistics has announced that the country's economic output rose by over 10 percent in each of the past two quarters even as much of the world economy remains mired in slow growth. Another indicator of China's rapid rebound from the global economic crisis is the sale of luxury goods, with the total amount rising to $9.4 billion by the end of last year.

China now accounts for more than a quarter of the world's purchases of luxury goods. At this pace, it will soon bypass the US to become the top market for such products after Japan, even though its per capita income is still much lower than in America. Indeed, according to Du Junfei, a professor of Nanjing University, while purchases of luxury goods amount to 4 percent of consumer's assets worldwide, the figure in China is as much as 40 percent or higher.

Related readings:
Luxury goods can't buy happiness Govt, private owner join luxury fever
Luxury goods can't buy happiness Everybody wants luxury, but not at any price
Luxury goods can't buy happiness Should people be complacent about China's luxury consumption?

This Chinese peculiarity reflects the distinctive makeup of the country's luxury goods market. Radha Chadha, a board member of a leading Shanghai-based consulting firm, says luxury goods buyers fall into three categories. One group is the really rich, another includes so-called "cool" youngsters, and the third consists of white-collar workers, especially managers.

Of course, the first two groups are big buyers of luxury products in the West. Haughty, affluent youngsters flood high-end malls in the US and Europe just as they do here - I see lots of these kids while taking strolls in my Sanlitun neighborhood.

Rich people in and outside China buy luxury products to show off their wealth and status. What sets China apart from Western countries and, by extension, accounts for the unusually high purchase of luxury goods in relation to consumer assets here, is the third major segment of the high-end product market: white-collar workers. While white-collar workers in the West, especially America, are big consumers, they typically hunt for bargains. This behavior is reflected in the success of retailers like Wal-Mart and Costco.

In contrast, white-collar workers in China often equate expensive luxury brands with high quality. As one white-collar worker quoted in a Xinhua China.org report put it: "I think a bag priced at 10,000 yuan is more suitable for me. It is better than 100 bags priced at 100 yuan each."

According to a recent survey of netizens in Jiangsu and Zhejiang provinces, 56.7 percent of the respondents said they saved money to buy luxury goods. One extreme example cited in the China.org report is the case of Tony Wang, a senior executive in an advertising company. Even though Wang makes 20,000 yuan a month, he limits himself to fruits and a cup of coffee for lunch in order to add to his piggy bank for luxury purchases.

While Chinese consumers at least haven't over-leveraged themselves to buy luxury goods, their obsession with high-end brand products strikes this particular laowai (expatriate) as being quite irrational. The money saved to make such purchases could surely be better spent on other things, including continuing education to upgrade skills or travel to unique destinations to broaden one's horizons.

   Previous Page 1 2 Next Page  

主站蜘蛛池模板: 另类图片av | 毛片视频网站在线观看 | 天天操夜操 | 青青草影视 | 黄色av免费 | 花房姑娘第四季在线观看免费 | 深夜福利久久 | 国产一区二区三区四区在线观看 | 日韩免费看片 | 欧美 日韩 综合 | 欧美亚洲精品在线 | 精品福利一区 | 激情宗合网 | 日韩经典一区二区三区 | 在线观看中文字幕亚洲 | 久久久精品视频网站 | 婷婷综合av | 欧美偷拍综合 | 国产男人天堂 | 中文字幕在线观看的网站 | 在线艹| 老色批av| 日韩 欧美 中文 | 精品一区二区成人免费视频 | 四虎在线观看视频 | 毛片网站免费观看 | 日日夜夜撸撸 | 久久久久一区二区三区 | 国产精品乱码久久久 | 免费av成人| 97色在线视频 | 亚洲五十路| 黄色片子在线观看 | 日本a免费| 女人十八岁毛片 | 久久永久视频 | 中文字幕网站在线观看 | 农村少妇久久久久久久 | 在线观看日韩中文字幕 | 伊人综合视频 | 亚洲不卡在线 |