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Search resuls for: "China Market Research Group"


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☆ Chinese consumer confidence isn't back, says market research firm
  + stars: | 2023-03-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese consumer confidence isn't back, says market research firmShaun Rein, managing director of China Market Research Group, says "it's still a bad labor market" and "salaries are still getting cut."
☆ Be very cautious on China's housing prices in the next 3-6 months, says market research firm
  + stars: | 2023-02-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBe very cautious on China's housing prices in the next 3-6 months, says market research firmShaun Rein, founder of China Market Research Group, says there are some "green shoots" in China's real estate market, but it's still very weak.
☆ Why Singapore isn't imposing new travel rules on visitors from China
  + stars: | 2023-01-13 | by ( Monica Pitrelli | ) www.cnbc.com   time to read: +6 min
watch nowBut he said travel volumes between Singapore and China are "very low" — with fewer than 1,000 people arriving from China daily. "As of now, we run 38 weekly flights from China to Singapore, compared to around 400 flights pre-Covid," he said. Current rules are effectiveSo far, more than a dozen countries have announced new rules for visitors from China. In the same month, seven imported cases became severely ill, and only one was from China, he said. 'We do not discriminate'Ong noted that while some countries are imposing a pre-departure test requirement on visitors from China, Singapore will "not discriminate because severe cases can originate from any country."
☆ South Korea shares eye-opening Covid statistics to defend its new rules for travelers from China
  + stars: | 2023-01-11 | by ( Monica Pitrelli Evelyn Cheng | Monica Pitrelli | Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
South Korea on Tuesday hit back at claims that its Covid rules for Chinese travelers are "discriminatory," saying more than half of its imported cases are coming from China. Citing South Korea's proximity to China, Choi said a surge in infections in China could put South Korea at risk. But South Korea and Japan — two top destinations for Chinese travelers — said they are not increasing flights in response to China's border reopening. China's embassies in South Korea and Japan announced Tuesday that they would stop issuing visas to "Korean nationals" and "Japanese citizens." Choi said South Korea's new Covid travel restrictions are "only temporary" and were made to "place the highest priority on the health and safety of people residing in South Korea."
☆ Chinese travelers say new restrictions are 'unfair' — but they're angry at some countries more than others
  + stars: | 2023-01-10 | by ( Monica Pitrelli | ) www.cnbc.com   time to read: +5 min
But it's not out of spite, said several Chinese travelers who spoke to CNBC. 'I think it's unfair'Reactions from Chinese travelers who spoke to CNBC were varied, ranging from indifference to confusion to anger. Last week, the European Union recommended that its members require Chinese travelers to take Covid tests before entering. Rein said Chinese travelers are now headed to Singapore and Thailand because "both countries are welcoming us." Of the top destinations Chinese nationals searched after the border reopening announcement, those are the only two that haven't imposed new restrictions on incoming Chinese travelers.
☆ Curbs on Chinese travelers will 'hit' Japanese stocks, says market research firm
  + stars: | 2023-01-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCurbs on Chinese travelers will 'hit' Japanese stocks, says market research firmShaun Rein of China Market Research Group says many Chinese think Japan's curbs are discriminatory and expects there will be boycotts of Japanese companies.
☆ Frugal is the new cool for young Chinese as economy falters
  + stars: | 2022-09-18 | by ( Albee Zhang Tony Munroe | Albee Zhang | Tony Munroe | ) www.reuters.com   time to read: +7 min
China's 'zero-COVID' policy – including stringent lockdowns, travel restrictions and mass testing - has taken a heavy toll on the country's economy. The government's crackdown on big technology companies has also had an outsized effect on the young workforce. Chinese households overall added 10.8 trillion yuan ($1.54 trillion) in new bank savings in the first eight months of the year, up from 6.4 trillion yuan in the same period last year. China is the only leading economy that cut interest rates this year, in an effort to spur growth. Fu said she switched her makeup powder brand from Givenchy to a Chinese brand called Florasis, which is about 60% cheaper.
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