Originally Posted by gathermewool
Originally Posted by mk378
Did the signs say "This Hotel Proudly Financed by Central Bank of China", or "Welcome Chinese Tourists" ? My bet is the latter.
Curious. How big is the Chinese middle-class now?
Pretty big. Probably bigger than the American middle class, although there is a difference in buying power in China vs the US. And there is a huge income disparity. A few Chinese-American friends of mine are thinking of possibly retiring or at least living part of the year in China where they can hire servants cheap. I've worked with people from China. One in particular said you can have a middle-class existence or live a working-class existence where many items are cheaper if one is willing to live with lower quality. However, that doesn't necessarily translate to coming to the US and having the same buying power. A middle class family in China probably isn't comparable to one in the US, but that's more of an exchange rate phenomena. However, there's an upper class now of business owners that can afford to buy homes in the US with cash. They're part of the reason why modest homes in the San Francisco Bay Area or Southern California are going for $1.5 million. Many even sit empty rather than being rented out for income. I've heard of Chinese buyers having agents buying them homes sight unseen.
And India has a similar income disparity. I remember an Indian friend of mine telling me about a visitor coming to his apartment. The first thing his visitor asked was "where are your servants?"
Chinese companies are buying ads all over, even for spaces where there might not necessarily be a huge awareness among mainland Chinese. Not sure exactly what this is at TD Garden for a Bruins game, but there's something between W.B. Mason and JetBlue.
I get that the NBA is popular in China. Just watch almost any NBA game and you'll some ad in Chinese, whether it's just flashing through an electronic sign or even static ones on the backstops.
Originally Posted by mk378
Did the signs say "This Hotel Proudly Financed by Central Bank of China", or "Welcome Chinese Tourists" ? My bet is the latter.
Curious. How big is the Chinese middle-class now?
Pretty big. Probably bigger than the American middle class, although there is a difference in buying power in China vs the US. And there is a huge income disparity. A few Chinese-American friends of mine are thinking of possibly retiring or at least living part of the year in China where they can hire servants cheap. I've worked with people from China. One in particular said you can have a middle-class existence or live a working-class existence where many items are cheaper if one is willing to live with lower quality. However, that doesn't necessarily translate to coming to the US and having the same buying power. A middle class family in China probably isn't comparable to one in the US, but that's more of an exchange rate phenomena. However, there's an upper class now of business owners that can afford to buy homes in the US with cash. They're part of the reason why modest homes in the San Francisco Bay Area or Southern California are going for $1.5 million. Many even sit empty rather than being rented out for income. I've heard of Chinese buyers having agents buying them homes sight unseen.
And India has a similar income disparity. I remember an Indian friend of mine telling me about a visitor coming to his apartment. The first thing his visitor asked was "where are your servants?"
Chinese companies are buying ads all over, even for spaces where there might not necessarily be a huge awareness among mainland Chinese. Not sure exactly what this is at TD Garden for a Bruins game, but there's something between W.B. Mason and JetBlue.
I get that the NBA is popular in China. Just watch almost any NBA game and you'll some ad in Chinese, whether it's just flashing through an electronic sign or even static ones on the backstops.