Home › News ›

China Discovers Home Improvement

Posted by: Abhijeet Chavan
Thanks to: Nathan Banks
11 October 2003 - 5:00am

China's private housing boom is fueling a new market for home improvement.

"Home improvement" has arrived in China -- and with it, a potential shopping revolution. As with so many opportunities in the world's most populous country, the market promises to be huge. B&Q, part of Britain's Kingfisher retailing group, estimates that one-tenth of China's 400m households have "western" levels of disposable income, with $1,000 or more a year to spend on home improvements. That number is increasing rapidly."

Full Story: Doing up the Middle Kingdom
Source: The Economist, October 14, 2005
»
Bookmark and Share
“
One of the keys to regional and local prosperity is the ability to attract and retain high-skilled people. ... Many people can, and do, choose where they want to live based on factors beyond their ability to make a living.
”