MAINLAND CHINA

24 March 2020

Huizhou has recorded considerable economic growth in recent years. As incomes have continued to rise, Huizhou consumers have become more willing to spend on improving their quality of life. The pace of living in Huizhou is more relaxing, local consumers have increasing demand on household goods, children’s goods and leisure and recreation. Huizhou’s consumer market is currently undergoing transformation and upgrade and is full of vigour. More

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The Mainland Cities of the Greater Bay Area (1): Consumer Confidence and Wealth Management Arrangements

12 March 2020

As the economies of the nine mainland cities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) have continued to expand, consumer confidence has remained at a high level. The survey also found that consumers in the nine mainland GBA cities currently spend 28% of their monthly personal income on daily living expenses, 19% on wealth management and 18% on savings. More

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Technology Innovation Opportunities in the Bay Area: Optimising “Going Out” via Hong Kong

12 December 2018

To explore how Hong Kong and other Guangdong cities can use the opportunity arising from the Bay Area initiative for co-operation and development in innovation and technology, HKTDC Research conducted a study in Guangdong and collected views from local commerce officials and companies. RoboSense provides an excellent illustration of how Hong Kong can help mainland science and technology innovation enterprises develop. More

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China’s Catering Market (3): New Online Promotional Strategies

06 December 2018

According to a recent survey of the mainland catering market, conducted by HKTDC Research, favorable online reviews frequently motivate consumers to visit particular restaurants. For many mainland consumers, sharing their dining experiences on social media is almost habitual, while they also tend to seek out restaurants endorsed by friends and acquaintances. The culinary experiences shared by influencers or KOLs also play a substantial role in the dining decisions of many mainlanders. More

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China’s Catering Market (2): Online Food Ordering and Delivery Preferences

29 November 2018

The size of the “internet + catering” market has grown rapidly on the mainland, with online-to-offline (O2O) food sales rising 29.5% between 2015 and 2016 to reach RMB209.2 billion. According to the findings of a series of focus group discussions commissioned by HKTDC, mainland consumers are not only willing to pay more for nutritious and healthy food but also for tamper-proof containers. More

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A Blessing in Disguise: A Game Theory Analysis of the US-China Trade Dispute

23 November 2018

The growth in world trade would have reached a decade high in 2018 had it not been for the trade war with China instigated by Donald Trump. A huge number of businesses engaged in US-China trade are suddenly finding themselves under untoward pressure. China should leverage on its stature as the world’s largest and most promising market, as well as its commitment to expanding its open-door policy. It should also seek to increase its level of influence in the international arena. More

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China’s Catering Market (1): Consumption Upgrading Trends

22 November 2018

Restaurants with special themes and those offering unique consumer experiences have become one of the major attractions offered by retail districts and shopping malls looking to bring in more consumers. Focus group discussions conducted by HKTDC on the mainland catering market indicate that consumers are becoming increasingly demanding about their food and their appetite for high-end catering continues to grow. More

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China’s Catering Sector (3): How Diversification Helped Guangzhou Restaurants Breakthrough

15 November 2018

Established in 1995, the Guangzhou Restaurant and Catering Association is the most influential catering industry association in Guangzhou. It has served as a bridge between government and business operators since its inception and is instrumental in promoting the city’s catering trade and building up Guangzhou’s reputation as a gastronomic centre. Its president Qin Jianhong and secretary-general Fu Bo analyzed the catering trade in Guangzhou and how it is developing. More

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China’s Catering Sector (2): We-Media for Restaurant Business Operators

08 November 2018

Established in 2013, as a new online platform focusing on the catering sector, Canyin Laoban Neican (www.watcn.com) provides industry news and information as well as management services to business owners, entrepreneurs, and supply chain service providers in the catering business in China. It also offers a diverse range of other services aimed at the growth and promotion of catering companies, including education and training, investment, and the promotion of brand chain and brand nurturing. More

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China’s Beauty Services Market (4): The Promising Male Sector

24 October 2018

As Chinese society becomes more open, male beauty services are in demand. Focus group discussions conducted by HKTDC show that the consumption habits of male consumers are similar to those of their female peers, but also have some distinctive features. Men concern about their appearance, and their spending on basic beauty treatments is almost on a par with that of females. However, men attach greater importance to beauty salons’ professionalism. More

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