MARKET WIRE -- Apr 4 -- The GDP of China is growing at a double digit rate. According to BIGresearch’s Q1 2007 China Quarterly Survey on consumption behaviors of over 1400 Chinese consumers between aged 18-34:
- European brands continue to be preferred above U.S. brands (Clothing, Cosmetics, Furniture, Jewelry).
- Consumer confidence remains very high.
- Planned expenditures on electronics are much higher in China than in the U.S.
- Word of mouth is even more influential to Chinese consumers than U.S. (Electronics, Clothing, Autos, Pharmaceuticals).