China’s cost and environment-conscious shoppers are increasingly flocking to second-hand and resale platforms. Robynne Tindall finds out more Traditionally, second-hand or vintage apparel was not thought to be desirable for the average consumer in China, especially during the economic good times of the past few decades. However, the popularity of second-hand, resale and pre-owned goods platforms has taken off in recent years, especially among Gen Z shoppers, driven by growing …
China is making good progress towards its current goals, but experts say it needs to do more to align with the 1.5°C global warming threshold, writes Lin Zi for China Dialogue Work on a new national climate action plan is in full swing, with the focus being on targets for 2035, China’s climate envoy Liu Zhenmin told Dialogue Earth at a World Economic Forum meeting in Dalian this June. Signatories …
Chinese stocks experienced their biggest single-day gains since 2008 on Monday, 30 September, with investor sentiment buoyed by a week of government stimulus aimed at revitalising the economy. Indexes, including the benchmark CSI-300 blue-chip index, the Shanghai Composite Index, the Shenzhen Composite Index, and Hong Kong’s Hang Seng Index, rose between 3.3% and 11%, restoring US$1.8 trillion in value across the three cities’ exchanges during the rally. China’s Tech Index, …
In the run-up to China Consumer 2024, we’re sharing insights on the China consumer market from some of the key speakers at the event In this article, Demi Shi, Head of Brand Partnerships at Douyin E-commerce Global; Jing Zhang, Global Editor in Chief of Jing Daily and Jing Meta channels; and leading key opinion leaders Amy Zhong and James Smith share their thoughts on what makes Chinese consumers unique. Discover …
On 24 September 2024, China unveiled its largest stimulus in years in an effort to revive its struggling economy amid a sharp property downturn and falling consumer confidence. At a press conference in Beijing, People’s Bank of China (PBOC) governor Pan Gongsheng introduced a series of monetary reforms designed to boost investment and consumption. Reserve requirement ratio (RRR) reduction The PBOC will reduce the RRR – the amount of money …
As China increases its retirement age for the first time in decades, Focus looks at the reasons driving the change – and what it means for businesses in China The Standing Committee of the National People’s Congress, China’s top legislative body, announced on 13 September 2024 that the country would gradually increase the retirement age for men from 60 to 63, for women in white-collar jobs from 55 to 58, …
Traditional Chinese festive occasions like Mid-Autumn Festival represent an important opportunity for brands. But with consumer trends around Chinese festivals evolving, how can brands keep their marketing relevant? Mid-Autumn Festival, which falls on 17 September this year, is one of many occasions in the Chinese calendar that brands need to keep an eye on. Beyond their cultural significance, national holidays are also important drivers of consumption, marking rises in spending …
Research by Energy Foundation China has found that young people need to be shown how climate issues connect to their lives, Huang Wei writes for Dialogue Earth A new report supported by Energy Foundation China, the NGO I work for, contains some fascinating findings on the climate attitudes of China’s 15 to 24 year olds, or Gen Z, as they’re more often known. It also offers helpful advice on how …
From Harrods to Jo Malone, the best of British luxury brands know that finding creative ways to market their Britishness to China can help them thrive For decades now, an appreciation for quintessentially British culture has fuelled the popularity of British brands in the Chinese market. Chinese consumers appreciate the history and heritage of British brands like Burberry and Jaguar Land Rover, and associate this heritage with quality and craftsmanship. …
The China-Britain Business Council has announced that Invest HK will join the flagship consumer event, China Consumer 2024, as a Silver Sponsor InvestHK (Invest Hong Kong) is the Hong Kong Special Administrative Region (HKSAR) Government Department responsible for Foreign Direct Investment. InvestHK’s vision is to strengthen Hong Kong’s status as the leading international business location in Asia. Its mission is to attract and retain foreign direct investment which is of strategic importance to the economic development …