Posts Tagged ‘market’

Stanley is a town and a tourist attraction in Hong Kong. It is a peninsula on the southeastern part of Hong Kong Island. It is east of Repulse Bay and west of Shek O, adjacent to Chung Hom Kok. Administratively, it is part of the Southern District. The proper Chek Chue refers to the village town but Stanley generally refers to all the surrounding areas of the peninsula after the beginning of British rule and native Cantonese name Chek Chue became synonym to Stanley. Stanley Market, a large open-air marketplace, has become well known for its bargains in clothing – particularly silk garments and traditional Chinese dress – as well as toys, ornaments, luggage, souvenirs, and Chinese arts and crafts. It is a popular destination for both tourists and locals alike. People are drawn here by the cheap goods that would usually fetch a much higher price elsewhere. In addition to several Chinese restaurants and a Dai pai dong, Stanley Market now also boasts its own small Häagen-Dazs shop and most recently a branch of the Dymocks Booksellers. Stanley is renowned for its many bars and restaurants on its waterfront along Stanley Main Street where visitors can enjoy a variety of different foods (including French, Italian, American, Indian and Thai) or relax with a beer and soak up the friendly atmosphere in one of its bars. To the west of Stanley Main Street, past the amphitheatre in Stanley Plaza is the Tin Hau Temple (Temple of the Queen of Heaven). Built by Cheung Po Tsai in 1767, it …

The Pearl Market is a landmark they say you must visit in Beijing. The haggling is legendary. Deirdre Fitzpatrick, Aixa Diaz, and Erin McManamon take a girls shopping trip.

Trip to the vibrant Fengchia (逢甲夜市) Wunhua Night Market in the Xitun area of Taichung City (臺中市/台中市), Taiwan on Feb. 3, 2010. The market is located outside the side door of Feng Chia University. It is a popular place for youth to hang out due to its closeness to school district and downtown Taichung.

outdoor market in Beijing, China on 5/18/09 (around 10:30 am)

For more, visit www.concierge.com Stiffen your bargaining spine for a visit to this indoor market, which, despite its name, is known for knockoffs, not silk.

The quantity of young kids under the age of 14 and babies, toddler and preschool children in China is over 300,000,000, accounting for 25% of the whole population. Among them 80,000,000 live in the city, which form a great number of toy consumption. Especially in recent years, parents identify with the concept that toys can enlighten children on their intelligence, moreover, majority of modern families in China only have one child, parents are willing to spend money on their child.

In recent years, it has appeared some features and special trends for toy sales in the mainland of China:

1. RC Toys

Appeared with high technology, for instance, electronic toys that can sound or shine, rc toys and interactive toys that can speak or perform a series of actions are salable goods. Presently, various rc toys on sale in the market reach about 1 hundred kinds, mainly are variety of rc toys (remote control toys) and hobby items, such as rc car, rc helicopter, nitro rc car, rc gas boat, remote control helicopter, remote control car etc., each rc car(remote control car) costs about 20-65 dollars?rc gas boat(remote control gas boat) is about 20-50 dollars?and the price of rc helicopter differs between 450 – 2,000 dollars.

2. Model Toys

Electric model toys attract both children and adults, such as tank cars, cars installed with alarm whistle and so on. Though these toys are not cheap in price, especially the electric toys, commonly between 8-10 dollars, some even as high as 80-100 dollars, but they have a strong footing in the market.

3. Adult Toys

Besides the children toys, adult toys in mainland of China are also have large market. According to the latest investigation of China Social Investigation Office, 33% of adults think they are fond of toys and would like to buy them. It is investigated that except for traditional Chinese Chess, I-go and kite, adults prefer rc toys (remote control toys) and hobby items, such as rc car, rc helicopter, nitro rc car, rc gas boat, remote control helicopter, remote control car etc. The last research of China Toys Association shows the acceptable toy price for most consumers in the large and medium sized cities is no more than 15 dollars. However, in some large cities and some medium sized cities, some ingenious and top graded toys reaching up 150 dollars and even 1200 dollars still have their market. It takes an average of about 5% of the whole year consumption for Chinese citizens to buy toys, and with the toy development of top grade, brightness and series, in particular, rc toys (remote control toys) and hobby items, such as rc car, rc helicopter, nitro rc car, rc gas boat, remote control helicopter, remote control car etc., the toy consumption will be in the status of advancing.

4. Plastic Toys

Plastic has taken the place of metal, wood and have become the main material for toys making, because it costs low, easily deals with, safer and light.

Although according to the official statistic, the toy sales in mainland of China are no more than 2,000,000,000 dollars in 2006, it is estimated by people in this industry that the actual market demands should be 9,000,000,000 dollars. People in this industry believe that the forecast demands of Chinese toy market will increase at a rate of 40% per year in the following years, and the consumption of Chinese toy market will hopefully exceed 13,000,000,000 dollars.

Shanghai Antique market

Potential Opportunities Catalyzing the Alluring Markets

In recent years, a great number of overseas orders of craftwork and gifts have been transferred to China, mainly from the European and USA general merchandise industry, multinational chain supermarkets, and professional distributors, etc. Meanwhile, Beijing 2008 Olympic Games and the World Expo Shanghai 2010 will also bring great business opportunities to the craftwork and gifts industry.

Popular Gift Ideas (Buying Trends)

Gifts for Family Decoration

Craftwork is an important composition of family interior soft-environment design, reflecting peoples’ temperament and interests. Practicality and nice design are two important factors people considered when choosing home gifts.

Promotion Gifts – Complement Traditional Marketing Methods

The value of promotional gifts in today’s competitive marketplace can’t be underestimated. Many businesses nowadays turn to promotional gifts to help them enhance their brand awareness, improve customer loyalty and increase sales.

Holiday Gift: Nurture Your Relationship

Holiday occasions or a special day for an individual bring us together, creating a chance for our relationships to grow. Gift giving in this case is indispensable to enhance the feelings or atmosphere. Personalized and engraved unique gifts especially make distinguished and memorable presents.

Fashion Jewelry Gifts – a Timeless Favorite

Since ancient times, jewelry has been one of the most popular gifts to give and to receive, and it still ranks among the top gifts as a universal, particularly pearls and birthstones. A gift of jewelry delights the recipient and evokes a genuine smile. Birthstones, among various choices, are very popular with Its Culture-added Value. Almost everyone appreciates a birthstone, and it shows that you actually put some thought into the gift. Many people believe that wearing their birthstone protects them and brings them good luck.

Yiwu City: a Terrific Destination for Your Gift-purchasing Plan in China

China Yiwu is the largest mart for petty commodities. Currently, Yiwu has the largest wholesaling market around the world. The business area of the market covers 1,500,000 square meters, gathering 320,000 kinds of commodities from all over the country with a daily customer flow of more than 200,000 person-times, and the daily output of commodities up to nearly ten thousand tons. Up to now, more than 300 overseas trading offices and 10,000 foreign purchasers have resided in Yiwu.

Notable Domestic and International Gift Fairs

International Gifts & Home Decor Trade Fair

The largest fair of its kind in East China, was held in Shanghai every year, which can both serve the industry and add luster to life, creating a real buzz in Shanghai Mart.

Shenzhen International Toys & Gifts Fair

This event is an ideal platform for sourcing from China. Many of these exhibitors are already leading suppliers in the China market, and they have expressed keen interest in developing business overseas.

Sands Expo Center — The ASD/AMD Las Vegas Gift Expo

Dollar for dollar ASD/AMD Trade Shows are the most cost-effective and convenient way to get buyers and sellers together in a sales and profits-oriented marketplace.

Challenges Facing the China Gift Industry and What’s On Trend

China gift industry desires for professional and creative designers. Competition enhances design capability in a positive way. Brilliant designer teams stay abreast of trends and always scout for new ideas or options when going to some relevant events or shows. Gift magazines and Internet sites are used as references as well.

Brand Name Promotion

Companies that do not have any awareness in promoting their brands cannot survive. Companies are now getting to that awareness. Brand stands for everything – low price, convenience of purchase, emotional attachment, and for performance and quality. As far as allocation of funds (for brand promotion) is concerned, it should be carried out on a sustainable basis. It has to be part of the overall budgetary allocation of the company.

Creating Value, Adding Value and Maintaining Value

Whether it is Culture Value added or Technology Value added, they would undoubtedly make your gifts more competitive. Many traditional Chinese gifts maker should strive for new technology to bring novelty to their products and maintain freshness. Meanwhile, we can’t ignore the culture value of the gifts or even an enterprise. For instance, Swarovski Crystal are paying much attention and funds in its culture value promotion (crystal history, magic function etc.), it’s the culture connotation that contributes much to its overall success, attracting people to buy it and enjoy it.

Know the Psychologic Profile of The Target Market

How can gifts marketers and retailers better understand the hearts and minds of their consumers and use that insight to capture a greater share of the consumers’ gifting budget? These are questions every gift enterprise should investigate into seriously. For the foreign gift trade business in china, it would be favorable for the profits and markets to grow, for example, if the manufacturers could produce gifts that taking in more western flavor, religious imply, personalized demand, or of high quality level.

Environmental Friendly – Go Green

The environment is increasingly on consumers’ radar screens, according to many surveys. “Eco-friendly” products are more popular in holiday season than in the past. Wrapping stuff like plastic bags are not so welcome. This shopping intention was consistent across gender, age and income groups based on many survey statistics.

E-business Web Choice – Finding Authentic Suppliers in China

If you happen to be a buyer, looking for appropriate China Supplier partners. Would you like to get comprehensive information, such as company business registration condition, actual production, trade, R & D abilities and quality management system, of potential partners quickly? Do you hope that this information is from an impartial authoritative organization like SGS? If you are looking for such suppliers and need such important business information, please choose from the china manufacturer directory.

Today me and Dweebo and Dad all went to this real cool Asian Market and later we went to a Toy store that never changed once since I was a kid.

It may be a good time to enter the China market now but it is not an easy task. Many have failed entry into the China market as they do not fully understand the seriousness of the complications of the Chinese business culture in the China market.

China is growing as such a fast rate that many foreign companies are attracted to it. However, foreign investors need to understand China itself as a country economically and culturally.

China market is a good investment but also a big problem to many foreign companies. Due to language and culture barriers, many foreign companies do not have the ability to communicate in the China market and many ideas and opportunities are interpreted the wrong way. Hence, foreign companies would need to fully understand the Chinese culture and language before entering the China market.

The China market also works in a way that networking is an important tool among the locals. The Chinese feel that relationship (“guan xi”) is the method to work around the China market. Having a good relationship with others will aid in paperwork and procedures and minimize any problems or issues. For example, if a new local company wants to register itself with the government, having “guan xi” with some government officials will allow the company to know how to go about registration and what to look out for.

Foreign companies would also need to do up a detailed China market research as the China market is considered to be relatively new compared to that of the US and Europe. Thus, foreign companies would need to understand the strengths and weaknesses of the China market.

In addition, a up-to-date consumer research would also need to be done. The local consumers play a big role in the China market and with more of them getting more affluent, their needs and wants are changing over the years. Thus, an updated consumer research is important to the marketing strategy and product development of foreign investors.

However, conducting a market research may not be the same as carrying a research overseas. The Chinese tend to be overly-concerned about “face”. The Chinese have the mindset that they need to present their ought self in front of others all the time. Thus, it may not be easy getting the true response and feelings of the Chinese consumers as they tend to give the politically and safe response.

The Chinese have their own style of expression which may tend to frustrate a lot of foreign companies. Many foreign investors are unable to communicate effectively with the locals as they do not understand the different responses and expressions of the Chinese.

Thus, foreign companies really need to understand the China culture before entering the China market as the China market may create a lot of frustrations to the foreign companies. The best way to understand the China culture is to engage a local party to guide you as they are more familiar with the local touch. Furthermore, the possess the language skills and tactics to interact not only with the locals but they also understand the needs and wants of that of the foreign companies. Furthermore, they would be in a better position to negotiate in business meetings as not only would clients prefer to talk to someone familiar, they know how to read expressions of that of the Chinese clients.