Luxury Brands in China

From the China Business Success Stories RSS feed: http://www.chinasuccessstories.com/2008/02/21/luxury-brands-china/

This is Part 1 of a 2-part KPMG retail report. According to the report, whitch cited the Goldman Sachs financial group, China is now the third largest consumer of luxury goods in the world, surpassed only by Japan and the US.

This certainly raised my eyebrows: I knew that Chinese buying power was on the rise, but I didn't expect something like this.

It's certainly a far cry from Mao's day, when pretty much everybody didn't have a pot to pee in or a window to throw it out of.

Unit 1, Lesson 2 Question

Do you believe that a widespread and cataclysmic event such as the Great Proletarian Cultural Revolution could occur again in China today? Why? Why not?

I strongly doubt that a confluence of ugliness of the magnitude of the Cultural Revolution could occur in China today, the main reasons being the Western cultural influences that have crept in over the years, and the speed and ubiquity of communications.

In the early 1960s, the state had very firm control of information; one knew pretty much what one was told by an operative of the government. Nowadays, camera phones and laptop computers with internet access are very common. The Chinese government still tries to control the sorts of online traffic coming into the country, but the effort is akin to trying to plug a sieve with your bare hands.

Cruising the newsfeeds...

So much going on, and there's no hope of seeing all of it!

This article at Bloomberg.com sort of jumped out at me.

China is making inroads in all sorts of places.

First blog post!

Behold! Post the First!

Go me!