Most of today's newly wealthier mainlanders stayfixed on the biggest international (usually European) design names, and there's no predicting when they'll develop a truly local taste.
Chinese states may also see some stimulus from Beijing in their initiatives to promote growth, even though Beijing is trying to stay away from abundant fixed asset investment spending on things like roads and bridges.
This arm-and-sector design, around for half a century, made sense in the old days because the elbowlike fixed fulcrum allowed for the hand cranks to stay in one place.
They cannot bear to risk such capital losses again, so they stay away from equities and over-weight their portfolios with Treasury bonds and other conventional fixed income securities where they naively believe they cannot lose principal.