86% of Chinese consumers refuse to buy products labeled “Made in China”

The writing is on the wall, investment opportunities are easy to
see here. One example,would be industrial land in Asia satellite
countries next door to China.These countries are about to experience
a renaissance of full employment with asset prices moving up sharply.
The countries around China even combined are not big enough to even
absorb 10% of Chinese manufacturing as it moves abroad.

A shocking report released by US-based World Luxury Association
says that 86% of Chinese consumers refuse to buy products labeled
“Made in China” due to the country’s reputation for cheap goods.
The good stuff will start coming here where people have money.
The cheap dollar store crap can get sent over to the States where
you can exchange them for government Obama dollars.

From Want China Times…
Around 40% of foreign companies in China are considering
moving their manufacturing base to other countries, according
to the US-based consultancy firm Capital Business Credit. These
companies plan to move their production bases to countries such
as Vietnam and the Philippines, or transfer orders to some developed
countries, reports the Chinese-language Beijing Business Today.

Emerging countries, particularly in Southeast Asia, are gradually
replacing China’s manufacturing position due to the latter’s
increasing labor and raw material costs, analysts said. Labor-
intensive industries such as clothing are set to fade rapidly,
analysts added.

The US-based World Luxury Association says that 86% of Chinese
consumers refuse to buy products labeled “Made in China” due to
the country’s reputation for cheap goods. Many global brands do
not want to lose their customer base because of the label and
the ability of Chinese customers to purchase international brand
luxury goods has been increasing, said the association.

Some global luxury brands hide the “Made in China” label out of
sight, or print the words so small that they can only be seen by
a magnifying glass, according to the Financial Times.

Another industry trick is to manufacture the products in China
before applying some finishing touches in a European nation, so
buyers may receive the impression that the goods were made in
France or Italy.

US luxury brand Coach has been the first brand to say proudly
that its goods are made in China, though the company announced
last year that half of its production lines will be relocated
to other Asian countries.

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2 comments

  1. Nospam Sonny says:

    I suggest you spell-check your articles.

  2. [...] luxury goods: 86% of Chinese consumers refuse to buy products labeled “Made In China,” according to the World Luxury Association. Some 61% of Chinese consumers are less confident about [...]

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