Posted on 10/19/2013 6:02:03 AM PDT by TigerLikesRooster
Top 2% of Chinese account for third of global luxury sales
Published: Thursday, 17 Oct 2013 | 11:37 AM ET
By: Robert Frank | CNBC Reporter and Editor
Is the luxury industry becoming too reliant on China?
A new report from A.T. Kearney finds that just 2 percent of China's population accounts for about a third of the world's luxury consumption—everything from cosmetics and private jets to jewelry, watches and handbags.
The report said that the country's importance to luxury is likely to grow in the next three to five years as China creates more wealthy consumers.
(Excerpt) Read more at cnbc.com ...
China embraces capitalism.
Like to see our government embrace it again.
I’m sure you don’t know this, but I manage a Garden Center, and prior to that was their Nursery Manager for eight years.
Been ‘In The Biz’ going on 17 years; I’ve prety much seen it all, but surprisingly, I DO learn something ‘new’ every once in a awhile! :)
It's spilling over from the peninsula into SF. We're remodeling my wife's mother's home in SF, thinking of selling it as she can no longer live there by herself. Contractor's tell us homes in the area are going $200G over asking without being fixed, with multiple bids. More than 10 percent increases each year, a lot driven by Chinese buyers. Crazy.
I would never have the temerity to judge anyone’s like’s or purchases as “ridiculous.” If you can afford a $10,000 plus bag, that’s wonderful! This means that the master leather artisan in France and Italy may still practice a craft with a market.
Everyone has “simple” pleasures, that do not necessarily come without a steep price.
I will most definitely judge those purchases
I know you are with well known seed company/
Banana are a grass...not a fruit tree. They start new roots going into the mulch. A bit like you can take a small tomato plant and replant it deep...it starts new roots from what was just stalk.
Older fruit trees not as important. But on a younger ones you don’t want grass near the trunk because grass will compete with young roots. Then step two is to mulch 4” deep or thicker but not right by the trunk because it might induce rot. Roots love the humus they get as the mulch breaks down so your younger tree gets off to a better start. Heavy mulch for first three years or until you get good fruit production
All the above from my experience
Where I am some guys feed mature fruit trees straight K 0-0-50 fertilizer after the fruit harvest. The trees only get this. I don’t know if northern fruit trees like this.
BTW I know a guy in a rural area who was able to get free wood chip delivered by crews trimming trees for utility lines. Might have been phone or electric. In your situation you could leave a lot of that in a large pile and you will have black compost at the bottom in a year or two. I cannot do wood chips piles in my situation but I mulch trees with free wood chips
I basically agree with your post. I hope we sell tons of luxury goods to the Chinese. Just saying the luxury goods market here is catering to degenerate desires. Far better to have a larger middle class and a smaller number of plutocrats and wannabee plutocrats blowing money left and right on silly shit
My opinion is a larger middle class that is in stable marriages producing children is the bedrock of a more conservative America. When wealth distribution gets skewed too heavily upward the middle class does not have enough money for solid family formation. Obama/Democrats solution for this problem is not what I want
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