Guess Which Race Is The Most Materialistic in the World?

[extramarital]

[video=youtube;VNx9YqMoSFc]http://www.youtube.com/watch?v=VNx9YqMoSFc[/video]
Published on Mar 5, 2014

Chinese remain the most enthusiastic luxury shoppers around the world, with their purchases making up 47 percent of the global luxury market in 2013, an industry report showed.

Chinese consumers played a key role in sustaining the growth of the global luxury market, which grew by 11 percent year-on-year to $217 billion in 2013, Fortune Character magazine said in a report sent to the Global Times on Friday.

A similar research result published by consultancy Bain & Company in December said Chinese purchases made up 29 percent of the global luxury market last year.

In the Friday report's breakdown, consumption of luxury goods in the Chinese mainland stood at $28 billion in 2013, up about 3 percent from a year earlier, while luxury goods purchased overseas reached $74 billion.

"The Chinese government's crackdown on corruption and government extravagance has hit gift-giving and led to a slowdown of luxury consumption in the mainland," Zhou Ting, a luxury industry expert with Fortune Character, told the Global Times.

The Bain report also found that the campaign especially constrained the growth of luxury watches. Sales of watches, which make up over one fifth of the total domestic luxury market, declined by 11 percent year-on-year in 2013.

However, Chinese consumers' appetite for luxury products is still strong, with more turning to overseas purchases.

Chinese shoppers did 73 percent of their luxury shopping abroad in 2013, up 8 percent from a year earlier, Zhou said, citing price gaps between mainland and overseas stores, fast-growing e-commerce sales channels, and enhanced tastes for pursuing designs rather than logos.

Ding Juan, a 30-year-old white-collar worker in Guangzhou, Guangdong Province, traveled to Italy during the Spring Festival holidays. "Many luxury stores, especially local brands such as Prada and Ferragamo, were crowded with Chinese, and you can easily find shop assistants who speak Putonghua," she told the Global Times on Friday.

Ding said she bought a luxury brand purse for her mother, which saved her nearly 1,000 yuan compared to the retail price in Chinese mainland stores thanks to the tax refund and lower prices abroad.

Zhou expects buying luxury products overseas will still be the mainstream in the near term, but with China's move to lower import duties levied on luxury goods, the gap between shopping at home and overseas will be gradually lessened.

 

[JohnTan]

What you can tell from this article:

1) Chinks are stupid enough to splash out thousands of dollars for a cheap leather bag as long as it has a branded label

2) There are so many dishonest Chinks who think they are being smart by selling counterfeit that most chinks believe it is nearly impossible to find a genuine LV bag in China

3) Unlike PAP majority chinese government, PRC chink society and government are inherently dishonest and corrupt.

 

[Froggy]

[video=youtube;JXvdxA8gJGY]https://www.youtube.com/watch?v=JXvdxA8gJGY[/video]
​

 

[extramarital]

What you can tell from this article:

1) Chinks are stupid enough to splash out thousands of dollars for a cheap leather bag as long as it has a branded label

2) There are so many dishonest Chinks who think they are being smart by selling counterfeit that most chinks believe it is nearly impossible to find a genuine LV bag in China

3) Unlike PAP majority chinese government, PRC chink society and government are inherently dishonest and corrupt.

This news video is 2 years old but still interesting to watch. It mentioned that China was the world's 2nd largest luxury goods market.

Today, China is the world's largest market for luxury goods despite the fact that piles upon piles of Chinks travel overseas to buy them.

[video=youtube;dFBkuDlEjnE]http://www.youtube.com/watch?v=dFBkuDlEjnE[/video]

 

[Tuayapeh]

Angmo ?

[video=youtube;DNSUOFgj97M]http://www.youtube.com/watch?v=DNSUOFgj97M&sns=em[/video]

 

[JohnTan]

This news video is 2 years old but still interesting to watch. It mentioned that China was the world's 2nd largest luxury goods market.

Today, China is the world's largest market for luxury goods despite the fact that piles upon piles of Chinks travel overseas to buy them.

Luxury goods in the past may be of great value because such goods were very rare, exquisite or made from expensive and rare parts.

Today, nearly everything is factory-made. There's hardly any kind of consumer raw material that is rare or expensive. Even gold is mined industrially, instead of panning by man or hauled out of caves by slave labour.

The chinks are idiots to pay for grossly overpriced leather simply because of the label.

That's the power of great marketing, and how it can fuck with people's brains.

 

[extramarital]

Angmo ?

That's fiction and it ain't reality. They made that MTV in the 80's for Madonna to sell her records.

 

[Tuayapeh]

That's fiction and it ain't reality. They made that MTV in the 80's for Madonna to sell her records.

Some Angmo really materialistic , can find them in Wall Street

 

[extramarital]

Some Angmo really materialistic , can find them in Wall Street

Agree w/ you. The keyword here is 'some' unlike the Chinks which is the 'majority.'

 

[yellowarse]

Some Angmo really materialistic , can find them in Wall Street

The Ang Mohs were the first to establish a secular state based on the principle of separation of State and Religion. They were the first to industrialize. They invented capitalism. And with capitalism naturally came materialism. They then exported capitalism and materialism to the rest of the world from the mid-20th century onwards, when the rest of the world were still poor (Africa, South Asia), highly religious (Arab, India, Bhutan,Tibet), communist (Eastern bloc) or struggling to develop post-war (East Asia).

It's a fact that materialism is a Western notion imposed on the colonial and developing world as a means of expanding world demand for Western goods. Until the new millennium, America was still the world's most materialistic and consumeristic country. Henry Ford, one of the fathers of American capitalism, once said that he wanted every Ford employee to buy a Ford car. Wall Street (Gordon Gecko's 'greed is good') exemplified the height of corporate America's amoral greed and rapacity.

Chinese materialism only took root about a decade ago with the growth of significant middle class hankering after material symbols of wealth. The large absolute numbers also meant that luxury goods spending became very conspicuous on the world stage. But in terms of per capita wealth, per capita ownership of luxury goods, per capita consumer spending, China still lags far behind the US.