China has a rich history in cosmetics spanning centuries. However, the second largest market for cosmetic products in the world is rapidly changing not just in terms of size, as it looks to overtake the United States, but also in terms of consumers and how it works.
In this series of articles, Professor Viard discusses the role of economics in everyday life in China and the world. Last time I talked about price discrimination and printers. That got me thinking about an experience I had last summer. I ventured into the Tesla dealership in Beijing’s Parkview Green building to check out the […]
The world’s tourism industry has become addicted to big-spending Chinese travellers, but events seem to be conspiring to disrupt the trend, at least temporarily.
With the growth of China’s economy came a host of new jobs, raising millions of people out of poverty. How are businesses cashing in on the now massive lower-middle income demographic?
The demand for wine among Chinese consumers is growing, creating an opportunity for wineries in the country as people look beyond imports.
Alibaba is rapidly expanding its new offline retail food store chain, Freshippo (Hema in Chinese), with stores operating on cutting-edge innovations.
A steep economic slowdown is exacerbating the problems for once-golden startups in the sharing economy, from those offering shared office space to shared umbrellas In China’s sharing economy, it is no longer possible to just share and share alike. The concepts encompassed by the phrase “sharing economy” inspired a huge injection of investment funds […]
Chinese pet owners are increasingly spending money on products and services to improve the lives of their beloved animal companions. Pampered pooches have become beloved members of many Chinese families, and the pet care industry is booming as a result.
China dominates the global gaming industry with its enormous market. What is driving this trend? Massively Multiplayer Online Games (MMOG) are part of China’s growing virtual entertainment culture, generating both cash and concerns about addiction and social isolation.
Foreign supermarket giants are losing their dominance in the Chinese market to local competitors. The retreat of foreign supermarkets is reinforcing China’s reputation as an infamously difficult market to break into.