In our last report on young Chinese consumers (published in October, 2008) we see that the youth in China definitely want to have more gadgets in their lives.  In this installment we’ll find out what are their favorite brands and some of their spending habits?  With our year-round tracking studies we are able to pin point the purchase and spending behaviors of these consuming “maniacs.”

Recent study shows that Apple, Adidas, Nike and Lining are still the top ranked brands that youth in China love the most.  We will need to take Apple out of the equation since one of the incentives of participating in our survey is an Apple product.  So the number one brand for youth in China is Adidas and closely followed by Nike, which is no surprising since these two sporting good giants are fighting it out from shopping malls to shopping malls across China. More »

While current economic conditions are deteriorating around the world, consumer confidence is at a new low and hitting its lowest point in recent years for the once mighty economies such as U.S., Europe and Japan. China is now being regarded as having the least affected economy compare to the rest of the world. What about China consumers’ confidence level? Will consumer behaviors and life styles change because of the world-wide economic downturn? Is China the exception in this global economic downturn? What are the important influencing factors for Chinese consumers now when making major purchases and investments? Since consumer confidence is one of the leading factors to any economic recovery it’s important that we understand if consumers are continuing to spend and consume in China. What sectors will fare the best in this climate of uncertainty? China Polling has launched a national tracking survey to help marketers to gain a closer look at the consumer behaviors under the current stresses.

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China is currently the world’s fifth largest consumer goods market and some projections say that by the middle of the next decade China will become the world’s second largest consumer market, ranked after the United States. We don’t think this development path will change even with the current world-wide economic crisis. With a massive RMB Four Trillion Yuan economic stimulus package announced at the end of 2008 the Chinese government is working actively to ensure the country’s economic expansion. There is also a major push to increase domestic consumption within the next two years, there’s no doubt that the Chinese consumer goods market is set for sustained growth. Therefore, it’s vital for businesses to gain in-depth understanding of current and future consumer behavior. The need to identify demographic differentiations across this vast country has become a key challenge for FMCG companies operating in China. This FMCG Omnibus Survey provides insights to Chinese consumer behavior and market opportunities for FMCG companies who are looking to do business here in China.

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