News / Asia

Chinese Consumers Boost Foreign Brands

People throng the Nanjing Road shopping district in Shanghai, April 30, 2011.
People throng the Nanjing Road shopping district in Shanghai, April 30, 2011.
TEXT SIZE - +

VOA is examining China's growing international economic influence in a series of reports.

In this story, Beijing Bureau chief and Correspondent Stephanie Ho looks at the effect that hundreds of millions of new consumers are having on the world of business.

Apple opened its first shop in China in 2008. This year, sales in China are expected to account for about 10 percent of Apple's total revenue.

The United States is the world’s number one marketplace, but China, the most populous country in the world, is the marketplace with the greatest sales potential.

Christian Murck heads the American Chamber of Commerce in China.

“You have a group of people who can spend on automobiles and on branded garments and cosmetics and whatever, and who tend to eat better than they did before," Murck says. "The whole level of consumption and standard of living goes up quite significantly.”

Chinese Consumers Boost Foreign Brands
Chinese Consumers Boost Foreign Brands
Song Hong, director of the International Trade Department at the Chinese Academy of Social Sciences, says China is not yet the world’s largest market, but is on its way.

“In certain industries, China is already the world’s largest market -- in automobiles, electronics, mobile phones, for example. China will lead the world’s consumption in more and more industries and then finally become the world’s largest market.”

China’s demand for cars is helping foreign automakers that are seeing weak sales at home. Ford China’s sales jumped 14 percent in May from a year ago.

Visitors look inside a Ford Sport Utility Vehicle displayed at the Shanghai Auto Show, Shanghai, China, April 21, 2011. (AFP)

Liu Yan wants her first car to be a Ford. Although it is largely made in China, it has a foreign brand name.

“I don’t really know too much about this, but after looking around, I feel that Chinese cars are not as safe as these cars," she says.

Angelica Cheung is editor in chief of Vogue China. She says the fashion industry here has blossomed.

“It’s amazing. You just look at the events we have, the number of product launches every week, every day almost," she says. "All the brand launches, shop openings, product launches, even back six years ago when we first started in China, we did not have that volume of activity."

Cheung says foreign companies no longer are just opening in Beijing or Shanghai. She says as people in other cities get wealthier too, they also are looking for ways to spend their money.

You May Like

Analysts Warn of Regional Proxy Conflict in Afghanistan

Analysts warn if Kabul’s neighbors do not start to cooperate, competing desires for influence could deteriorate into a bloody proxy war in the country More

Saudi Intelligence Chief Replaced

Bandar bin Sultan came under criticism for supporting al Qaida, prompting King Abdallah to wrest Syria operations away from him in February, handing them to Interior Minister Prince Mohammed bin Nayef More

Poetry Magazine editor Don Share talks what makes a good poem with VOA's David Byrd

What makes a good poem? And is poetry as viable an art form as it once was? To find out, VOA's David Byrd spoke to Don Share, the editor of Poetry Magazine. More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Google Buys Drone Companyi
|| 0:00:00
...
 
🔇
X
George Putic
April 15, 2014
In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Ray Bonneville Sings the Blues and More on New CD

Singer/songwriter Ray Bonneville has released a new CD called “Easy Gone” with music that reflects his musical and personal journey from French-speaking Canada to his current home in Austin,Texas. The eclectic artist’s fan base extends from Texas to various parts of North America and Europe. VOA’s Greg Flakus reports from Austin.
Video

Video Millions Labor in Pakistan's Informal Economy

The World Bank says that in Pakistan, roughly 70 percent work in the so-called informal sector, a part of the economy that is unregulated and untaxed. VOA's Sharon Behn reports from Islamabad on how the informal sector impact's the Pakistani economy.
Video

Video Passover Celebrates Liberation from Bondage

Jewish people around the world are celebrating Passover, a commemoration of their liberation from slavery in Egypt more than 3,300 years ago. According to scripture, God helped the Jews, led by Moses, escape bondage in Egypt and cross the Red Sea into the desert. Zlatica Hoke reports that the story of the Jewish Exodus resonates with other people trying to escape slave-like conditions.
Video

Video Police Pursue Hate Crime Charges Against Kansas Shooting Suspect

Prosecutors are sifting through the evidence in the wake of Sunday’s shootings in a suburb of Kansas City, Missouri that left three people dead. A suspect in the shootings taken into custody is a white supremacist. As VOA’s Kane Farabaugh reports, he was well-known to law enforcement agencies and human rights groups alike.
Video

Video In Eastern Ukraine, Pro-unity Activists Emerge from Shadows

Amid the pro-Russian uprisings in eastern Ukraine, there is a large body of activists who support Ukrainian unity and reject Russian intervention. Their activities have remained largely underground, but they are preparing to take on their pro-Moscow opponents, as Henry Ridgwell reports from the eastern city of Donetsk.
Video

Video Basket Maker’s Skills Have World Reach

A prestigious craft show in the U.S. capital offers one-of-a-kind creations by more than 120 artists working in a variety of media. As VOA’s Julie Taboh reports from Washington, one artist lucky enough to be selected says sharing her skills with women overseas is just as significant.
Video

Video UN Report Urges Speedier Action to Avoid Climate Disaster

A new United Nations report says the world must switch from fossil fuels to cleaner energy sources to control the effects of climate change. The Intergovernmental Panel on Climate Change released the report (Sunday) following a meeting of scientists and government representatives in Berlin. The comprehensive review follows two recent IPCC reports that detail the certainty of climate change, its impacts and in this most recent report what to do about it. VOA’s Rosanne Skirble has the details.
AppleAndroid