Transcript
Page 1: Upper Income Chinese Consumers

ProsperChina™450 W. Wilson Bridge Rd.Suite 370Worthington, OH 43085Ph: 614-846-0146

Special Report:Upper Income Chinese Consumers

19,402 respondents participated in the ProsperChina™ Q4 2010 Survey.

© 2011, Prosper®

Page 2: Upper Income Chinese Consumers

Many purchase intentions for big ticket items in China

are down year over year among Adults 18-54.

Source: ProsperChina™ Q4 Survey, 2009 & 2010

DVD/VCR

Stereo Equipment

Major Home Improvement

House

TV

Home Appliances

Furniture

Jewelry/Watch

Digital Camera

Vacation Travel

Computer

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0%

Do you plan to make any of the following major (big dollar) purchases within the next 6 months?

(Adults 18-54)

Q4 2010

Q4 2009

© 2011, Prosper®

Page 3: Upper Income Chinese Consumers

High earners in China are also cutting back on many

major purchases.

DVD/VCR

Stereo Equipment

Major Home Improvement

House

TV

Furniture

Home Appliances

Jewelry/Watch

Digital Camera

Computer

Vacation Travel

0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0%

Do you plan to make any of the following major (big dollar) purchases within the next 6 months?

(100,000 RMB+)

Q4 2010

Q4 2009

Source: ProsperChina™ Q4 Survey, 2009 & 2010

© 2011, Prosper®

Page 4: Upper Income Chinese Consumers

What makes of vehicles do Chinese consumers drive

most often?

Source: ProsperChina™ Q4 Survey 2010, N = 19,402

We asked Chinese consumers who owned vehicles what make of vehicle they drove most often.

Volkswagen, Honda and Buick topped the list for Adults 18-54 and for those with incomes of 100,000 RMB or greater.

© 2011, Prosper®

Top 10 Cars Owned

Adults 18-54 100,000+ RMB Volkswagen 11.0% Volkswagen 14.1%

Honda 8.0% Honda 10.2%

Buick 6.5% Buick 8.2%

Audi 6.1% Audi 7.7%

Hyundai 5.5% Toyota 5.8%

Chery 5.4% Chevrolet 5.7%

Chevrolet 5.3% Hyundai 5.3%

BYD 4.7% Ford 4.3%

FAW 4.5% FAW 4.2%

Toyota 4.1% Citroen 3.3%

Page 5: Upper Income Chinese Consumers

…and what makes are they planning to buy?

Top 10 Cars Considering (Plan to Purchase a Vehicle in the next six months)

Adults 18-54 100,000+ RMBAudi 10.5% Audi 15.0%Buick 8.4% BMW 10.0%Volkswagen 8.1% Buick 9.4%Chevrolet 6.9% Volkswagen 9.3%Honda 6.8% Honda 7.0%BMW 6.4% Chevrolet 5.6%BYD 5.8% FAW 3.9%Hyundai 5.4% Toyota 3.4%Chery 4.9% Ford 3.3%FAW 3.5% Hyundai 3.3%

Source: ProsperChina™ Q4 Survey 2010, N = 19,402

© 2011, Prosper®

Page 6: Upper Income Chinese Consumers

Chinese consumers earning 100,000+ RMB are more

concerned with fashion than the average consumer.

Source: ProsperChina™ Q4 Survey 2010, N = 19,402

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

20.3%14.9%

64.8%

20.7%

13.8%

65.5%

29.6%

9.3%

61.1%

Check the statement that best applies to your feel-ings about fashion.

Adults 18-54 66K-99K 100K+

© 2011, Prosper®

Page 7: Upper Income Chinese Consumers

Foreign clothing brands are also more appealing to

high earning Chinese.

Source: ProsperChina™ Q4 Survey 2010, N = 19,402

Chinese Brand

US Brand

European Brand

Japanese Brand

Korean Brand0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%73.7%

14.0% 15.2%10.1%

17.9%

72.9%

15.3% 16.4%11.4% 17.7%

70.8%

22.7%29.0%

18.0%21.5%

When purchasing clothing, which brand do you prefer? (Check all that apply)

Adults 18-54 66K-99K 100K+

© 2011, Prosper®

Page 8: Upper Income Chinese Consumers

For media inquiries:Chrissy Wissinger, Communications ManagerRandi Honkonen, [email protected] 614-846-0146

Contact

ProsperChina™ is a trademark of Prosper Business Development Corp. Services are delivered by Prosper and/or a Prosper affiliated company (“Prosper”). Prosper makes no warranties, either expressed or implied, concerning: data gathered or obtained from any source; the present or future methodology employed in producing PropserChina™ statistics; or the ProsperChina™ data and estimates represent only the opinion of Prosper and reliance thereon and use thereof shall be at the user’s own risk.

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