Economists' Pick - Highlight
29 April 2016
HKTDC Research conducted a series of company visits, consumer focus group discussions and an online questionnaire to get a good understanding of China’s skincare and cosmetics products market. The survey found that traditional TV commercials are the main channel used by the majority of men to obtain products information. Their average spending online is roughly the same as at physical store. In general, men spent RMB3,496 on average on skincare and cosmetics products a year.
Sino-US trade relations could be clearly impacted by the upcoming US presidential election. But even with China-bashing rhetoric in play, such relations are not expected to undergo major new directions in the months ahead. The Obama administration has generally emphasised co-operation over confrontation in its dealings with the mainland, although it remains committed to ensuring vigorous enforcement of US trade laws.
While wearable technology is still best known for its sports and fitness applications, it has begun to make inroads into several commercial, industrial and medical markets, according to exhibitors at the Wearable Technology Show.