Hello Maurice, the baby definitely has the same somewhat complicated and pliable external ear structure as I
achamchen.com
achamchen.com
... so, definitely mine :0)
BTW, regarding this Message 21111750 , I think it is best that we take a market segmentation approach, as there are at least two, if not four or five China's
I quote from an e-mail I just got from HSBC,
"ASIAN ECONOMIC INSIGHT
> Qu Hongbin
> Tuesday 8 March 2005
>
> CHINA: MIDDLE CLASS, CENTRE STAGE
> -----------------------------------------------------------------
>
> * Regardless of the investment cycle, China's emerging urban middle class will continue to enjoy double-digit income growth over the next few years.
This elite group, which already numbers around 130m, forms the mainstay of discretionary demand and should ensure that growth in consumer spending remains strong as investment growth cools off in the coming years.
> * As prime beneficiaries of the boom in private business, privatisation and uneven regional development, the top 25% of China's urban labour pool ( with superior skills, power and appetite for risk ( are earning at least 6x the urban average and 11x the rural average. Their purchasing power is now approaching the per-capita average among Asia's newly industrialised economies. As long as key structural trends remain in place, the incomes and spending of the newly rich can only continue to rise.
> * We project that the urban middle-class population will swell to 170m by 2015, as China's ongoing integration into the global economy continues to open up opportunities for private entrepreneurs and skilled labour. Over the same period we expect WTO-led deregulation, market-oriented reforms and foreign direct investment to sustain the progress of China's industrial and tertiary economies in terms of both productivity and scale."
Chugs, Jay |
