综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

British firms confident about Chinese market

By ZHONG NAN | China Daily | Updated: 2022-03-16 11:17
Share
Share - WeChat
The booth of Diageo is seen at the fourth China International Import Expo in Shanghai in November. [Photo/CHINA DAILY]

British consumer goods companies are deploying more resources in China, a market buoyed by a growing army of consumers with enhanced spending power, appreciation of good value and openness to novel ideas, said their executives.

Diageo, a British spirits distiller that offers products such as Scotch whisky, gin and beer, will start to build its $75 million malt whiskey distillery in Eryuan county, Southwest China's Yunnan province, this year.

The company said the latest investment in Yunnan serves as an important part of its long-term commitment to invest and grow in China.

"There is a growing appreciation for whiskey among Chinese consumers. We have seen this in action through the emergence of whiskey bars and boutiques across China, growing popularity of whiskey auctions and the successes of our own whiskey summit and similar events," said Sam Fischer, president for Asia-Pacific and global business at Diageo.

"We will continue to focus on premium whiskey as part of our core business, and we will also add a world-class China-origin whiskey to this portfolio. We have observed that Chinese consumers are evolving to appreciate whiskey for its heritage and craft, rather than drinking it for status," Fischer said.

Last year, the London-based company invested in a new regional logistics hub in Shenzhen, Guangdong province. It is also building a new research and development center in Shanghai, which is set to open this year.

"China's expanding consumer market is one of the world's most important and remains highly dynamic, presenting enormous opportunities for the broader industry," said Josie Zhang, president for China of British luxury brand Burberry.

After opening the first-of-its-kind social retail store in Shenzhen in 2020, she said the brand will continue to make significant investments locally, pioneering industry-leading innovations that serve to promote shared growth.

By blending physical and social worlds with a suite of digital technologies powered by Chinese internet giant Tencent Holdings, Chinese customers are able to unlock exclusive content on the brand and personalized experiences, and then share them with their communities via a mini program backed by WeChat-Tencent's iconic messaging app.

With the younger consumers shaping up to be the backbone for luxury brands, Zhang said their desire for socializing, interaction and sharing is propelling Burberry to delve into the realm of social retail.

"We will continue to invest here with the expansion of our store network across China's vibrant cultural hubs. We are also deeply committed to contributing to China by ensuring all of our stores are carbon neutral in line with the nation's climate ambitions, and by empowering communities to thrive through various cultural programs," Zhang said.

The global revival in the personal luxury goods market has been powered by the dynamism of local consumption, particularly in China and the United States, which now form a dual engine stoking the gains of the sector, according to consultancy firm Bain & Co's Luxury Goods Worldwide Market Study, which was released in December.

The Chinese market has experienced remarkable momentum, with its size nearly doubling since 2019, entirely due to the repatriation of Chinese purchases from abroad, according to the report.

Duty-free shopping has likewise gained from its opportunities. The island province of Hainan reported 49.5 billion yuan ($7.75 billion) of offshore duty-free shopping in 2021, up 80 percent on a yearly basis.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
大邑县| 积石山| 兰考县| 昆山市| 台中市| 忻城县| 随州市| 米易县| 肥东县| 乌海市| 图木舒克市| 电白县| 盖州市| 华蓥市| 鄂伦春自治旗| 连州市| 苏尼特右旗| 乃东县| 沁水县| 广丰县| 襄樊市| 安义县| 富民县| 开江县| 开平市| 铁力市| 镇安县| 龙川县| 临安市| 潼关县| 龙州县| 盐山县| 衡东县| 崇信县| 北宁市| 东平县| 洞头县| 新河县| 大荔县| 得荣县| 新余市|