Chinese Economics Thread

[coolgod]

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According to this article, China accounts for 35% luxury goods market and that is stupid high. I don't get why the Chinese so obssessed with Dior, Fendi, Gucci, etc. They are just stupid bags with ridiculous price. I'd rather have the money buying them flowing to stock market instead.

Clearly you aren't a women.

 

[ficker22]

Clearly you aren't a women.

So women want to have stupid indian sweatshop bags rather than get rich?

 

[Rank Amateur]

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According to this article, China accounts for 35% luxury goods market and that is stupid high. I don't get why the Chinese so obssessed with Dior, Fendi, Gucci, etc. They are just stupid bags with ridiculous price. I'd rather have the money buying them flowing to stock market instead.

Every society/culture has status competition. For whatever reason, in China a lot of the status competition seems to occur through the purchase/possession/display of Western "designer" clothing and accessories.

I agree with you: It's f*cking stupid.

I'd much rather see Chinese people compete for status through their squat and deadlift numbers.

 

[Quan8410]

Every society/culture has status competition. For whatever reason, in China a lot of the status competition seems to occur through the purchase/possession/display of Western "designer" clothing and accessories.

I agree with you: It's f*cking stupid.

I'd much rather see Chinese people compete for status through their squat and deadlift numbers.

That just prove that Chinese goods have not shake off the cheap goods status from even Chinese consumers. Cheap is good but it also means you cannot store your wealth. For a Chinese, a gucci bag or an Iphone (and of course real estate) is a better means of wealth storage than the financial market. That also means the financial market has malfunctioned (of course it did when your stock market is half of what it was a decade ago)

 

[zgx09t]

For all of you gamblers out there, this is probably the main event you want to watch out for

https://twitter.com/i/web/status/1843879930385576311

They may need to run by NPCSC first who approves government budget and their next meeting is late Oct.

 

[MortyandRick]

That just prove that Chinese goods have not shake off the cheap goods status from even Chinese consumers. Cheap is good but it also means you cannot store your wealth. For a Chinese, a gucci bag or an Iphone (and of course real estate) is a better means of wealth storage than the financial market. That also means the financial market has malfunctioned (of course it did when your stock market is half of what it was a decade ago)

The hell you talking about?
Americans buy LV and Gucci as well, does that mean American goods have not shaken off the cheap goods status even from Americans consumers? Or the American financial system malfunctioned? Or German consumers who but LV and Gucci?

One has nothing to do with the other.

 

[iewgnem]

That just prove that Chinese goods have not shake off the cheap goods status from even Chinese consumers. Cheap is good but it also means you cannot store your wealth. For a Chinese, a gucci bag or an Iphone (and of course real estate) is a better means of wealth storage than the financial market. That also means the financial market has malfunctioned (of course it did when your stock market is half of what it was a decade ago)

Nobody stores value in Gucci bags or iPhones, the people who buy do so for perceived validation, look at what happened to Korean brands after THAAD for how easy it is to shut them down.

 

[Index]

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According to this article, China accounts for 35% luxury goods market and that is stupid high. I don't get why the Chinese so obssessed with Dior, Fendi, Gucci, etc. They are just stupid bags with ridiculous price. I'd rather have the money buying them flowing to stock market instead.

Largest economy in the world also has the largest luxury goods market in the world: shocked pikachu face

That just prove that Chinese goods have not shake off the cheap goods status from even Chinese consumers. Cheap is good but it also means you cannot store your wealth. For a Chinese, a gucci bag or an Iphone (and of course real estate) is a better means of wealth storage than the financial market. That also means the financial market has malfunctioned (of course it did when your stock market is half of what it was a decade ago)

Now you're just proving you have a highly questionable agenda.

By same logic American goods have not shake off the cheap good status since what luxury American handbag brands can you name?

At least China sells a lot of premium product in makeup, fashion etc. While US doesn't. Most Chinese accept a premium Chinese brand as equivalent alternative to some other world class premium brand, while most US elites won't buy GM, Chrysler or American wines (closest things to US premium) even if you waterboard them.

 

[henrik]

That just prove that Chinese goods have not shake off the cheap goods status from even Chinese consumers. Cheap is good but it also means you cannot store your wealth. For a Chinese, a gucci bag or an Iphone (and of course real estate) is a better means of wealth storage than the financial market. That also means the financial market has malfunctioned (of course it did when your stock market is half of what it was a decade ago)

Actually, Chinese consumers regard Huawei smartphones as the status symbol, as the iPhone 16 is already discounted.

 

[tphuang]

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Let's see if China can continue to keep supply > demand in Lithium and keep prices down. Part of what they've done in EV is just add in so much supply chain capacity that the prices came down pretty quickly.