Marketing study focuses on tomorrow's young consumers

Article Abstract:

Grey China has carried out a study of children influence on household purchase in China. The study showed 69% of household spending and 86% of leisure activity is influenced by child. This could be attributed the country's one-child policy. Children's product market is a lucrative market in China as there are 300 mn children under 14 years age. They get income from various sources such as pocket money parent also from grandparents. China's children seem to have the greatest influence on products like PCs, stationery, and foods. *

Comment:

China: Grey China's study shows 69% of household spending & 86% of leisure activity is influenced by a child

Marketing procedures, Research Findings, Demographics, Consumer Attitudes, Consumer Behavior, Marketing/Advertising Theory

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Smuggling crackdown launched

Article Abstract:

Results from the crackdown on oil product smuggling have been seen as the oil prices rose by RMB30 per ton. In the first half, the prices fell by more than RMB300 per ton because of smuggling. This affected oil companies' profitability. Since June, the Government began to tackle smuggling by reducing the price gap of domestic oil and international market. According to last year figures, the officials seized 150,000 tons of smuggled oil products. Experts estimated 1 mn tons were smuggled in. *

Comment:

China: Results from crackdown on oil product smuggling are seen as oil prices rise by RMB30 per ton

Oil Products, Petroleum Refineries, Wholesale prices, Petroleum products

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