Despite what you might be hearing about a global recession, consumer capitalism is alive and well in China.
And it’s still fueling growth.
Take a stroll through Beijing’s trendy
Wangfujing area, a quick walk south of
Tiananmen Square or the six-story
Shin Kong Place in Beijing’s
Dawanglu area, and you’ll find more than 100 top international designer brands on sale, including
Prada,
Gucci,
Bvlgari,
Dolce & Gabbana, and others. While you’re on the prowl, don’t forget
Xidan Market, which the locals prefer. It’s also bursting at the seams from countless stores, fashionable-clothing shops and, of course, the ubiquitous and ever-present
Starbucks (
SBUX).
In contrast to other global markets, like the
Ginza, Beverly Hills’
Rodeo Drive or London’s
Oxford Street, for example, where a heavy silence hangs over the once-bustling ...
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