Reactions to story from Product Global
The Domestic Market in China: Are you an NBA Pro or an Average Joe? Part I
http://productglobal.typepad.com/ gss/ 2008/ 04/ the-domestic-ma.html
Is the Chinese domestic market arriving? That depends...are you the National Basketball Association? Or, are you another reader of China-sized hype? ChinaLawBlog recently covered an email/article by Shaun Rein of the China Market Research Group out of Shanghai. The email discussed many points covered in a Business Week article entitled China's Rising Retail Market: Chinese youth intend to spend "considerably more" in 2008 than they did in 2007. Multinationals had better start thinking young," The email summary began with: While retail sales are plummeting in the US, sales in China are continuing to boom, driven by optimistic shoppers largely shielded from the global economic malaise.
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