When the Politburo makes a pledge, no one can have any doubt that it means business. Capital markets have reacted positively since the Politburo meeting at the end of last month, chaired by President Xi Jinping, said China would maintain its economic growth over the second half of the year to achieve its annual target of 7.5 percent from last year.
Despite the recent slowdown in China's economy, many foreign companies continue to see the world's second-largest economy as one of the most attractive markets now and in the future. Consumption of foreign brands by the Chinese contributes considerably to the profits of many foreign companies, especially luxury brand producers. But do foreign companies and their marketing teams really understand the changing nature of China's customer base?
After a four-year battle, a Chinese company recently prevailed over a noted French vintner to win the largest trademark lawsuit in the wine industry to date.
A sign that more Chinese LED manufacturing companies realize that intellectual property is crucial to the industry's sustainable development, a new patent association for the sector was founded last month in Dongguan city, according to China Intellectual Property News.
Air Liquide Group, the world's largest industrial gas producer by revenue, has launched the second phase of its investment program, called Tengfei II, in China this year. The program caters to the country's growing demand for oxygen, nitrogen, hydrogen and other gases.
Although recent government austerity measures have dampened the expansion plans of several foreign luxury brands in China, it has not led to a decline in the demand for such products. Lower prices for the recognized brands are proving to be an irresistible draw for Chinese shoppers.
Diversified entertainment products gaining traction with urbanites
Marcel Fenez, global entertainment and media leader for PricewaterhouseCoopers, says China's urbanization is creating an increasingly affluent middle class keen on art and entertainment activities.
Piano maker sees urbanization as playing to demand of its products
Leading South African academic Garth Shelton says many of those who criticize China's role in Africa do so because they are not interested in facts.
Like it or not, it will affect China's economic future with long-term gain
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