Thursday, April 14, 2011

cultural change in China

Cultural change in china is terrific right now. 20 years ago, China doesn't have many exported products for sell on the market, in the mall etc; but now, China has many exported items for people to compare price and buy. Clothes such as Gucci, Chanel and Prada, clearly the average Chinese people can not afford, yet they are dominating the malls in china right now. People living with asperity asphyxiates when looking at those extravagant goods. Most people assent with the idea that paycheck is still Chinese, pricetags are all American. With the currency change yuan to dollars as a 7 to 1 ratio, most people are angry and have an animosity towards the market right now. As I watched the news some times ago, experts and professionals in economics predicts a big economic fall out in China not a long time from now on. I think a great deal of this come from the market change which originates from the "cultures", especially pop modern European and North American cultures, that were brought to China a long time ago. As a top percent of Chinese people, first class, are able to walk with verve among all other top prodigys and geniuses around the globe, they have brought top technologies and in general, everything that is the best everywhere in the world back to China --- which includes top brands such as Chanel and LV. The consequences are those prices are translated to Chinese Yuan, and as only a small percentage of rich people are able to afford them, the indigenous markets in China have to raise thier prices in order to compete with those top brands to stay in the markets. As more and more native chinese markets do this, the prices ranges in the markets start to increase more and more ,and more people can not afford the high prices in the market.

No comments: