there is one experience I want to share with members here:
As i stated on my previous thread that I am moving my business to China, I came here yesterday, and today I visited one luxury small shopping center in a small third class city. world class standard environment (cant find anywhere from Delhi or Mumbai when I was there), but hardly with any people (if a western or indian journalist went there, after they will definitaly write another report of 'empty' or 'ghost' shopping center). However what supprised me was the time when i saw those sales figures from the floor manager (good freind) of different brands like Gucci, Prada, Dior and Zegna.
in October this year the monthly sale revenue for this little Prada store was $860,000`! and lets put this in perspective, the Prada's London Bond Street Miu Miu flagship shop's monthly revenue is around $1,200,000 which is only 28.33% more than this little shop in a little Chinese city during a quiet season`! needless to say those Prada China sales figures from big cities like Beijing, Shanghai, Hongkong, Xiamen, Hangzhou and Dalian``! and more impressively Chinese customer made up 40% of that London Bond Street stores``!
and the same situation of the LV store that if they couldnt meet the annual target within 6 month time its a disgrace to the store staffs`!
so i alwasy wonder, even though its a solid fact that America has much higher per capital GDP than Chinese no question about that``but my question is that does Chinese p/c GDP really stand at $7,000? its a country that the luxury consumption is more than whole Europ comnbined together```and this little chinese city i mention has probably more luxury consumption than the whole India put together``!
---------- Post added at 03:55 PM ---------- Previous post was at 03:52 PM ----------
you still havent addressed why?
and how about India is 'shining' going t grow 'faster' than China, is technological 'powerhouse' is 'secular' ``etc can we use the word premature? or jokes intocraps?