Wednesday, December 8, 2010

China Business - Today's Top Biz Tweets and Links

Chinese were the largest Asia-Pacific group of online shoppers buying from overseas websites last year

December 7, 2010 Tweeted by @ChinaDailyUSA  
"Chinese consumers represented the largest Asia-Pacific group of online shoppers buying from overseas websites in the past year, with a preference for clothing and shoes, a survey has found...

...37% of respondents from the mainland [China] have made purchases on overseas websites in the past 12 months, compared with an average of 32 percent in the Asia-Pacific region...Chinese consumers like to buy things they cannot find locally....Internet users in Taiwan are the biggest spenders, averaging $4,041 in online spending, compared with consumers in the mainland [China] spending $2,557..."  >>Continue Reading
Related articles:
  1. Online shopping gaining ground in China
  2. China’s Online Game Market to Reach $9.2 Billion in 2014
  3. Online Shipping in Asia to Accelerate

December 7, 2010 Tweeted by @ChinaDailyUSA 

"More than 1,280,000 cars, multi-purpose vehicles, sports-utility vehicles and minivans were sold in November, up 27% from a year earlier and [up]10.5% from October...

...last year, when China took over the title of auto sales champion from the United States for the first time...."
..."And sales will be much higher in December as the Chinese government's policies, including tax reduction and subsidies, will expire at the end of the year...the domestic market will easily reach the sales target of 17.5 million units for 2010."

"...The auto market in Beijing saw a surge in November as concerns grow that strict controls on car purchases may be implemented in 2011 to ease congestion pressures."
Tangential Readings to this Article:
In case you immediately think, well then 2 wheelers are the answer...consider that most Chinese cities have banned motorcycles in the last 10 years.

Police destroy 14,277 'illegal' motorcycles with bulldozers

July 30, 2008 by Eric Mu on Danwei
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