A L I K E A

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Consumption keeps growing in China, pushed by online retail sales

The household consumption in China is still in progress: it has increased by 9.7% in the first two months of 2018. Since the American consumption expenditure growth just by 2.4% in February, the consumption on the Chinese market approaches one more time 10%. According to the results of the National Bureau of Statistics of China, the total of consumption reached 6,198.2 billion yuan, equivalent to an increase of 9.7% year-on-year. Among this development, the online retail sales of goods and services went up by 37,3% year-on-year.

How to become successful in China ?

According to the national bureau of statistics in China in 2016 sales online reached 701 billion in 2016. China is the biggest e-commerce market in the world. Indeed, the online eco-system appears as the top one in the world. This phenomenon stems from the fact that Chinese people are very connected. We can count 900 000 million Chinese connected people online to Tech giants and domestic platforms. Let’s not forget that China takes benefit from its numerous inhabitants which are approximately 1,3bilion and the presence of e-commerce leaders such as Alibaba or JD.Com. The service industry has a significant weight in the Chinese economy because it corresponds to 52,8 % of the total GDP.

How to Establish the right Business in China?

China is a growing society, and changes are coming at a rapid pace every time. A district, for example, may become very different from one year to another. Under this high rhythm in daily life, more and more Chinese people are nowadays feeling the pressure. In addition, the development of the country indeed improves the quality of life, but prices and expenses are also becoming more difficult to bear. In big cities like Shanghai, the cost of living is quite high. It is common to see someone putting more than half of his income into housing. The disparity in wealth, which tends to widen, creates some kind of instability in the atmosphere.

Develop a Franchise in China: Effective Step-by-Step Guide

Starting up a franchise business is one of the best ways to make money in China. While it may seem like an intimidating task, there are many effective steps that can be taken to ensure success. Read on this guide on how to develop your own franchise in China! In this article, we are going to see:

China wants to regulate Tmall and Alibaba

The realm of eCommerce has reached a point of change. It seems that this online space won’t be a monarchy anymore… the tech giant Alibaba is under attack. The king of the realm, Alibaba’s e-commerce platform Tmall, which occupies 50% of the market, has in fact been targeted by the government. On December 24, China started regulating the competitive practices of the biggest eCommerce platform in the country.