They've done a spectacular job for their clients and we continue--we're very excited about, one, we're excited about the region and two, we're excited to have a team of that quality doing real, on the ground research throughout China, which is, now, if you sort of look at the larger Chinese market, it's the second-largest market in the world, and there just aren't--there are many more world-class U.S. teams than there are world-class Chinese teams.
Rising housing costs in Shanghai, Beijing and Guangzhou have exacerbated the problem of rising inequality in China, as the major city centers become unaffordable to many middle class and lower-middle class Chinese.
Though the big shopping budgets of many Chinese tourists are sustaining the growth of the luxury-goods industry, the bus tours that escort most middle-class Chinese tourists in Europe usually book them into budget motels on the outskirts of Paris.
In addition to world-class Chinese and Pacific Island displays, the museum boasts a fine Native American collection.
Passports and foreign vacations, once unthinkable for anyone but high officials or their well-connected kin, are now commonly enjoyed by upper-and middle-class Chinese.
Home Depot, an American DIY chain, is retreating from China after trying for years to persuade middle-class Chinese people to decorate their own homes.
The company opened its three-story flagship store on People's Square in downtown Shanghai in 2006 to sell Goodbaby and other brands to middle-class Chinese.
In a 2007 survey, middle-class Chinese said they belonged to fitness clubs, dined out three times a week and traveled within China twice a year for pleasure.
Last year, Emma's third-grade class performed on stage a well-known Chinese classic featuring a monkey with magical powers.
More than 85% of applicants to Weatherhead's current Finance master's program came from China, and more than 80% of the 58-student class is Chinese.
Recently, I was on BBC World News to discuss the eurozone debt crisis and how the Chinese middle class can help re-balance the Western economies.
FORBES: The Biggest Story of Our Time: The Rise of China's Middle Class
In the mid-1990s I found myself the only non-North Korean in a class studying Chinese in northeast China.
And the Chinese are hard at work trying to build world-class universities.
At a time when the American print media is in decline, the Chinese press is growing, and Caijing is the first Chinese publication with the prospect of becoming a world-class news organization.
In the winter of 2008-2009, about three million middle class Chinese went skiing, a sport that was unavailable only 15 years before.
Studies predict that the Chinese middle class will wield enormous spending power as it reaches 600 million-800 million people in fifteen years.
The huge market size and Amazon pricing its devices at low margins which most likely will appease the growing Chinese middle class leads us to expect that the devices will be well received and likely provide substantial upside to e-books and other content sales as well.
FORBES: Amazon Can Drive Big Kindle Growth With China Launch
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