Chinese consumer power
Andy Zhao and Frank LandeckGfK
Foreign companies that want to tap into the phenomenal rise of Chinese consumerism are advised to launch in the rapidly growing inland cities.
Traditionally, global companies looked to China only as a source of cheap labour and a centre of production for their goods, which would then be exported to other countries for sale.
But this scenario is now changing. Global companies are turning their eyes toward China as a new market opportunity, whose population is becoming wealthier and already enlarging its spending on consumer goods.
So what are...