三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

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: 青青伊人精品 | 91看片淫黄大片一级在线观看 | 亚洲国产乱码在线精品 | 亚洲婷婷综合网 | 久久久久亚洲精品中文字幕 | 爱爱黄色 | freechinese国产精品 | 美女在线国产 | 亚洲 欧美 中文字幕 | 国产精品www夜色影视 | 秀人网福利视频在线观看 | 国产美女在线看 | 四色婷婷 | 91在线区啪国自产网页 | 国内精品久久久久久 | 1024免费 | 狠狠色欧美亚洲狠狠色五 | 麻豆免费入口 | 中文字幕在线播放 | 国产一区二区三区在线看片 | 国产高颜值露脸在线观看 | 亚洲精品久久99久久一 | 亚洲无线乱码高清在线观看一区 | 久久久在线视频精品免费观看 | 图片区 日韩 欧美 亚洲 | 国产欧美在线观看不卡 | 欧美伊人久久久久久久久影院 | 国产美女色视频 | 又黄又爽又猛大片录像 | 高清视频一区二区三区 | 国产日产精品久久久久快鸭 | 高清国产天干天干天干不卡顿 | 国产精品福利无圣光在线一区 | 亚洲欧美专区精品久久 | 免费黄色大片网站 | 香蕉频蕉| 日产国产欧美韩国在线 | 国产精品a区 | 黄色草逼网站 | 日韩精品久久一区二区三区 | 屁屁影院一区二区三区 |