Happily unmarried: A peek into singles economy in China
As the population ages and the national birthrate keeps on declining, China undergoes another deep transformation which will leave a mark on the country’s social and economic structure. According to China’s Ministry of Civil Affairs, from 2014 on, the amount of marriages gradually dropped over the years: in 2019, about 9.3 million couples tied the […]
What China’s new carbon emission trading market means for businesses
On July 16, the Vice-Minister for Ecology and Environment Zhao Yingmin officially ushered in the China’s long-planned carbon emission trading market, the world’s largest CO2 market. The carbon exchange system, which made its debut with 4.1 million tons of carbon dioxide quotas worth 210 million RMB traded in a single day, was actually launched in […]
Beijing announces a third-child policy to tackle China’s ageing population, here are the economic implications
On May 31st 2021, China announced the introduction of its third-child policy, concluding its previous two-child policy set in 2016. Facing a dwindling young labour force and rising elderly population, China’s third-child policy was implemented in hopes of reviving the country’s current demographic crisis, with last year leading to just 12 million babies born in […]
How financially independent are Chinese millennials?
As the Chinese middle class keeps growing, foreign and domestic brands have been rushing to satiate the growing appetite of Chinese consumers. Having grown up during a period of economic prosperity, Chinese millennials (those born between 1996 and 1981) are now a strong engine of the booming Chinese economy. As the Chinese society gets wealthier, […]
Price discrepancies in China: What drives some product prices up and others down?
When comparing prices in China to Western countries there are often unexpected differences. As the cost of living in China is relatively low, one would expect the prices of products to be lower, but that is not always the case. Price discrepancies in China do not only offer opportunities to leverage those differences but it […]
What job postings in China teach us about the nation’s direction of economic development
With the end of the Covid-19 pandemic and the rapid recovery of the national economy, the job market for medium and highly skilled professionals in China started to thrive again, raising hopes for an increasingly brighter future. During 2021 Q1, the number of new jobs experienced a 99.02% year-on-year increase and the average annual salary […]
7 industries boosted by the lazy economy in China
The lazy economy is an economic phenomenon representing an upgrade in convenience-based consumption. There are three motivating factors of the lazy economy in China: people are becoming busier, technology is getting more advanced, and personal disposable income is increasing. The pursuit of an efficient, leisurely, and a high quality of life has led to the […]
China’s population and changing demographics: Based on the 2020 Seventh National Population Census
According to data from China’s Seventh National Population Census released in May 2021, the country’s population reached 1,412 million in 2020, but with only marginal growth in the past decade. Notably, the age group of 60 and over has expanded significantly, up by 5.44% from the 2010 census, reflecting an ageing society in China. This […]
Six notable Chinese IPOs in 2021 Q2
The Chinese market keeps booming through 2021 Q2 fueled by vaccine rollouts and improved macroeconomic indicators. The target GDP growth rate in 2021 was set to be at least 6% at the National People’s Congress held in March. Chinese IPOs in 2021 Q2 will continue to prove resilient to challenging global economic conditions. Brief Review […]
How to do Guochao marketing: In-depth interviews with Chinese gen Z
What is Guochao marketing “GUO CHAO” (literally “national trend”) refers to the increase consumer favoritism towards Chinese brands, designs and culture. Guochao consumers embrace Chinese cultural designs and products made in China. 75% of Chinese consumers surveyed state they like products that incorporate Guochao design elements. To learn more about Guochao marketing, we conducted in-depth […]
Destination unknown: The newest addition to the blind box economy in China – Airplane tickets
In recent years, the blind box economy in China has benefited from the vigorous development of the two-dimensional culture, and its market scale has grown rapidly. Blind boxes are a product of popular consumer culture. Who are blind box consumers in China The MOB research institute estimates that blind box economy in China will reach […]
The 9 most globally influential Chinese companies from Time’s 100 Most Influential Companies 2021 list
On April 28th 2021, Time Magazine selected 100 most influential companies, nine Chinese companies made the list. These are the nine most influential Chinese companies from Time’s list: Tencent, Alibaba, Huawei, Didi Chuxing, BYD, Yum China, DJI (Da-Jiang Innovations), TSMC (Taiwan Semiconductor Manufacturing Company) and TikTok. BYD – promoting “green” vehicles Source: BYD Electric cars in […]