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Search resuls for: "Yuwan Hu"


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☆ How a quest for identity made China the luxury powerhouse that it is today
  + stars: | 2023-06-09 | by ( Nidhi Pandurangi | ) www.businessinsider.com   time to read: +5 min
"Traditions provide identity. As CCP has destroyed Chinese traditions, luxury brands step in to provide that," he tweeted. Consider this: The country's luxury market is set to hit 816 billion yuan, or $115 billion, by 2025. "Traditions provide identity. Rapid urbanization and consumerism did more to fuel China's luxury boom than a lack of religion, he said.
Persons: Desmond Shum, —, That's, PwC, Bernard Arnault —, Shum —, Shum, Simon & Schuster, Pierre Xiao Lu, Lu, Karl Gerth, Gerth, Yuwan Hu, Chanel, Dior, Louis Vuitton Organizations: CCP, Service, Privacy, Shanghai's Fudan University, Wharton, University of California, Daxue Consulting Locations: China, Europe, Today's China, San Diego, Beijing
☆ 6 companies that struck it big on China's zero-COVID policies and came out on top after 3 years of lockdowns
  + stars: | 2023-03-09 | by ( Matthew Loh | ) www.businessinsider.com   time to read: +2 min
As China kept to its chaotic zero-COVID push, a few companies reaped the rewards of a country prone to lockdowns. Kevin Frayer/Getty ImagesChina's economy suffered under zero-COVID, growing by just 3% in 2022 — one of the country's lowest levels ever. As China's economy reopens after a rollback of the zero-COVID policy on December 7, local media and social bloggers are heaping attention on how much was spent on the lockdowns, and who benefited from the expenditures. However, a select pool of firms and industries gained massive rewards from the years of lockdowns and constant testing. Here are six companies and sectors that came out on top during China's zero-COVID policy.
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