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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (32508)3/14/2003 11:38:03 AM
From: X Y Zebra  Read Replies (1) | Respond to of 57110
 
лл <------ I hope Altavista translated it properly and I am not saying something out of line... -g [i typed "thank you very much"

EDIT: on the preview... it changed the symbols----

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This will help bring the price down for BMW and the like... (maybe)

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Luxury Cars

Bayerische Motoren Werke AG, the world's No. 2 luxury carmaker, said it sold 6,677 cars in China last year, 62 percent more than in 2001. The German company said it plans to set up a production venture with Brilliance China Automotive Holdings Ltd. that will have annual capacity of 30,000 cars, rising to 100,000 ten years from now.

Sony Corp., the world's second largest consumer-electronics maker, said earlier this month that it expects sales in China to rise five-fold to roughly $5 billion in three years time. Later this year, Sony's game unit, Sony Computer Entertainment Inc., will begin selling PlayStation 2 consoles in China.

As Chinese consumers spend more, retailers from the U.S. and Europe are trying to gain a foothold.

Store Openings

Wal-Mart, the world's biggest retailer, will open one of its members-only Sam's Club warehouses in Beijing in mid-June, the China Daily said this morning. Bentonville, Arkansas-based Wal- Mart had 25 outlets in China at the end of 2002, including three Sam's Clubs.

As Wal-Mart and others open stores, competition is heating up, forcing retailers to discount. Consumer prices fell 0.8 percent last year.


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<it would be hard to learn Chinese (Mandarin --Putonghua-- ) >

Visitors' Information

Language
Mandarin (Putonghua) is the official language spoken by some 70% of the population, but in the regions, Cantonese, Wu, and an infinite number of dialects are spoken. The Shanghai dialect is called Shanghaihua.

English is widely understood and many Chinese who aspire to speak the language fluently often engage visitors in conversation. Other languages currently being taught include: Japanese, French, Russian, German and Spanish.

Shopping in Shanghai
Shanghai's reputation as a shopping destination has grown in recent years with the development of new shopping districts such as those in Nanjing Donglu and Huaihai Zhonglu. Pudong has the excellent Zhangyang Road Commercial Centre.

shanghai.interconti.com

shanghai.interconti.com