Page 304 - 2018 White Paper on the Business Environment in China
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8 White Paper on the Business Environment in China
and overseas channels. Today their purchases through Works Cited
cosmetic stores are relatively low. There are some
exceptions, such as the high-end cosmetic stores Sasa, Acton, Gemma. “Luxury Market Pins Hopes on
Gialen, Goldone, which succeed through interactive and Millennials as Industry Posts First Year of Decline since
engaging shopper experiences (Yu, Middle). 2009.” CNBC. CNBC, 29 May 2017. Web. 22 Aug. 2017.
International players enjoy competitive advantages Ambler, Pamela. “China Is Facing An Epidemic Of
such as established brand images and high product Counterfeit And Contraband Wine.” Forbes. Forbes
quality, supported by strong research and development Magazine, 18 Aug. 2017. Web. 21 Aug. 2017.
resources, as well as effective marketing and sales
activities, enabling them to maintain their leading roles Antu, Rashedul. “Is Textile Industry Shifting from
in 2016. Nevertheless, domestic players were gradually China?”Textile Focus. Textile Focus, 28 July 2017. Web. 21
catching up by releasing products at competitive prices Aug. 2017.
and carrying out strong advertising, as well as innovative
marketing campaigns in order to maintain their strong AQSIQ. “AQSIQ Issued the Quality and Safety Report
foothold in second- and third-tier cities in the Chinese of Imported Food in China in the Year of 2016.” AQSIQ.
market (Euromonitor, Beauty). Chemical Inspection and Regulation Service, 18 July
2017. Web. 21 Aug. 2017.
In its latest research, Kantar Worldpanel reveals that
middle class consumers are typically more confident Bain, Marc. “In 2017’s.” Quartz. Quartz Index, 04 Jan.
about their future prospects and, they tend to buy 2017. Web. 22 Aug. 2017.
more and have more confidence in big brands. They
use the Internet to acquire more information about the Burwood-Taylor, Louisa. “China Will Produce 4 of Top
products they purchase and are willing to pay a premium 10 Global Food Companies by 2027, Says Leading Food
for quality. In general, China’s middle classes are more Investor.” AgFunderNews. AgFunder, 26 Apr. 2017. Web.
inclined to try new products and follow emerging trends. 19 Aug. 2017.
This market segment delivered more than half of the
incremental sales in many categories across the beauty Business Wire. “Research Report on Soft Drink Industry
market. In some beauty categories, such as perfume, in China, 2017-2021 - Research and Markets.” Business
body wash and hand sanitizer, middle-class consumers Wire. Berkshire-Hathaway, 10 Mar. 2017. Web.
comprise more than a third of the consumption of all
high-end product categories, including 38 percent of the China Briefing. “Q&A: Investing in China’s Food and
premium makeup products, 35 percent of the personal Beverage Industry.” China Briefing News. Dezan Shira &
wash products, and 32 of the hair products. Middle-class Associates, 11 Nov. 2016. Web. 19 Aug. 2017.
consumers have also developed a deep affection for more
sophisticated products. Data reveal that they buy more China Daily. “Latest Judicial Guideline Is Not a Letup
makeup removers, serum, and eye cream as well as more on Drunken Driving.”ChinaDaily.com. China Daily, 18 May
pre-make-up products, blush, and lip gloss (Yu, Middle). 2017. Web.
Chinabgao.com. “Trends for the Development of the
Chinese Textile Industry in 2017.” East China Fair. ECF
Council Office: Shanghai International Trade Promotion
Co, 9 Jan. 2017. Web. 21 Aug. 2017.
“China’s Liquor Industry Insights.” China’s Liquor
Industry Insights. Web Presence in China, 05 Apr. 2017.
Web. 20 Aug. 2017.
304
and overseas channels. Today their purchases through Works Cited
cosmetic stores are relatively low. There are some
exceptions, such as the high-end cosmetic stores Sasa, Acton, Gemma. “Luxury Market Pins Hopes on
Gialen, Goldone, which succeed through interactive and Millennials as Industry Posts First Year of Decline since
engaging shopper experiences (Yu, Middle). 2009.” CNBC. CNBC, 29 May 2017. Web. 22 Aug. 2017.
International players enjoy competitive advantages Ambler, Pamela. “China Is Facing An Epidemic Of
such as established brand images and high product Counterfeit And Contraband Wine.” Forbes. Forbes
quality, supported by strong research and development Magazine, 18 Aug. 2017. Web. 21 Aug. 2017.
resources, as well as effective marketing and sales
activities, enabling them to maintain their leading roles Antu, Rashedul. “Is Textile Industry Shifting from
in 2016. Nevertheless, domestic players were gradually China?”Textile Focus. Textile Focus, 28 July 2017. Web. 21
catching up by releasing products at competitive prices Aug. 2017.
and carrying out strong advertising, as well as innovative
marketing campaigns in order to maintain their strong AQSIQ. “AQSIQ Issued the Quality and Safety Report
foothold in second- and third-tier cities in the Chinese of Imported Food in China in the Year of 2016.” AQSIQ.
market (Euromonitor, Beauty). Chemical Inspection and Regulation Service, 18 July
2017. Web. 21 Aug. 2017.
In its latest research, Kantar Worldpanel reveals that
middle class consumers are typically more confident Bain, Marc. “In 2017’s.” Quartz. Quartz Index, 04 Jan.
about their future prospects and, they tend to buy 2017. Web. 22 Aug. 2017.
more and have more confidence in big brands. They
use the Internet to acquire more information about the Burwood-Taylor, Louisa. “China Will Produce 4 of Top
products they purchase and are willing to pay a premium 10 Global Food Companies by 2027, Says Leading Food
for quality. In general, China’s middle classes are more Investor.” AgFunderNews. AgFunder, 26 Apr. 2017. Web.
inclined to try new products and follow emerging trends. 19 Aug. 2017.
This market segment delivered more than half of the
incremental sales in many categories across the beauty Business Wire. “Research Report on Soft Drink Industry
market. In some beauty categories, such as perfume, in China, 2017-2021 - Research and Markets.” Business
body wash and hand sanitizer, middle-class consumers Wire. Berkshire-Hathaway, 10 Mar. 2017. Web.
comprise more than a third of the consumption of all
high-end product categories, including 38 percent of the China Briefing. “Q&A: Investing in China’s Food and
premium makeup products, 35 percent of the personal Beverage Industry.” China Briefing News. Dezan Shira &
wash products, and 32 of the hair products. Middle-class Associates, 11 Nov. 2016. Web. 19 Aug. 2017.
consumers have also developed a deep affection for more
sophisticated products. Data reveal that they buy more China Daily. “Latest Judicial Guideline Is Not a Letup
makeup removers, serum, and eye cream as well as more on Drunken Driving.”ChinaDaily.com. China Daily, 18 May
pre-make-up products, blush, and lip gloss (Yu, Middle). 2017. Web.
Chinabgao.com. “Trends for the Development of the
Chinese Textile Industry in 2017.” East China Fair. ECF
Council Office: Shanghai International Trade Promotion
Co, 9 Jan. 2017. Web. 21 Aug. 2017.
“China’s Liquor Industry Insights.” China’s Liquor
Industry Insights. Web Presence in China, 05 Apr. 2017.
Web. 20 Aug. 2017.
304
