Traditional luxury markets have contracted, with the exception of travel, which is one of the conclusions of the 2025 Hurun Chinese Luxury Consumer Survey. “The average household consumption of China’s HNWIs was down 12% in the past year,” says Rupert Hoogewerf, chairman of Hurun, the research organization responsible for the Hurun Rich List in the Jing Daily.Read More →

China’s toy company Pop Mart has become an instant domestic and international success for a new generation of consumers. Marketing guru Ashley Dudarenok explains in Time how Pop Mart was able to read the hearts and minds of a new brand of consumers. Pop Mart understands those consumer needs, according to Dudarenok, and the Chinese domestic market lets companies “fail fast and succeed fast” to figure out what consumers really want.Read More →

Shanghai-based business analyst Shaun Rein, author of The Split: Finding the Opportunities in China’s Economy in the New World Order, looks at what Western media miss when they report about China in a wide-ranging discussion with Cyrus Janssen. They wrongly assume China is unstable and often miss the essence of what happens in the country. For example, when the government cracked down on Alibaba founder Jack Ma. What that was about was not a political struggle, but an effort to create a level playing field, where the larger IT companies did not dominate the market anymore, Rein says.Read More →

Financial and innovation expert Winston Ma, an adjunct professor at NYU, discusses how AI is reshaping the Chinese industrial revolution at state-owned CGTN. Not only has DeepSeek emerged as a leading AI tool, but other companies are following this lead and expanding into industrial sectors rapidly.Read More →

One-third of global wealth will come from China in the future, says Shanghai-based business analyst Shaun Rein in a debate with George Galloway on this latest book, The Split: Finding the Opportunities in China’s Economy in the New World Order. One of the achievements of current leader Xi Jinping is that he has been able to diminish the gap between rich and poor Chinese, says Rein. China used to be an unfair society, focusing on the rich, but Xi focused on the poor and middle-class Chinese, a group that counts for 400 million people and might grow to 800 million.Read More →