Wangfujing Street is the first modern-style commercial street in Beijing. This major retail hub, which attracts nearly 1 million people a day, is also a place where many U.S. companies are doing BIG business.
Today, I’ll take you on a stroll through Wangfujing Street so you can see where Chinese consumers are spending their money … as they’re spending it!
Best wishes,
Tony

{ 5 comments… read them below or add one }
Tony, Wonderful coverage thank you
There is much disagreement about the current Chinese economy among current financial analysts. If you’d like to delve further into the subject of Chinese growth, I’d suggest you refer to this very enlightening Gordon Chang interview. He believes that current growth is well below the quoted 8% and will be down to low single digits by year’s end. Many facts are cited to back up his claims. If the link isn’t listed, it was published on the Casey Research website July 25, 2012 and titled “Gordon Chang: Big Trouble Ahead in China”
http://www.caseyresearch.com/cdd/gordon-chang-big-trouble-ahead-china
I am an Australian, a Chartered Accountant and a Fundamental Equity Analyst. I have worked in senior & executive management in China for 10 years and 5 years in Taipei and some more years working in SE Asia. Gordorn is a unrelenting China critic and basher not unlike some of the worst of the Western media that are unobjective and unbalanced in their mind-set and approach…
I greatly enjoyed the little video tour of Wangfujing Street in Beijing. While I know that this isn’t representative of much of China, I believe that once consumers experience this kind of environment, it is very difficult to go back to a simpler lifestyle. Thanks to Tony for this little window into China.
these things is happening in india also.