Land sales contribute significantly to local government financing in China as well as provincial GDP targets. But this is both unsustainable and problematic. A look at the situation and the kind of reform that needs to kick in.
The two most populous nations on the planet – China and India – also have two of the most exciting economies, with fast growth creating opportunities on an unprecedented scale. But entering these markets blind would be corporate suicide – and that’s why some the best minds in marketing, economics and psychology got together in a multi-disciplinary environment recently to swap ideas about the future of these, and other, developing markets.
China is undoubtedly the world’s biggest market for counterfeit products. From fake Louis Vuitton bags, to Prada purses, Adidas sweatpants, Nike sneakers and Rolex watches—you can buy them all for a song in huge multistoried markets across China’s cities. How does the prevalence of counterfeits impact brand owners? Should the likes of Gucci and Prada crack down on counterfeits?