Turning love into money in chinese online dating sector
According to China’s National Bureau of Statistics, the gross domestic product (GDP) growth for the first half of 2013 was US trillion, a year-on-year increase of 7.6%.Bloomberg senior economist Michael Mc Donough correctly predicted that the government would tolerate much slower growth in the second half of 2013, as its strategy shifts to more sustainable long-term growth (Zheng, 2013).At the same time, technological advances in manufacturing are leading to higher quality standards and lower labor costs, allowing China to meet the increasing demands of the global and domestic markets.Although the recent global economic crisis has affected domestic sales, the Chinese gem and jewelry industry shows great potential for growth.While economic studies frequently separate China and Hong Kong, it is important to consider them as one country.The business relationship between the two was established before the change in sovereignty in 1997, especially after the significant economic reforms China instituted in the late 1970s.The timeframe is ultimately dependent on the future growth rate, which is predicted to slow. China is the world’s leading manufacturer overall, as well as the largest producer of jewelry. China became the world’s largest manufacturing economy (figure 3) in 2010 and in 2012 widened its lead over the U. with .9 trillion in manufactured goods annually, compared to .43 trillion from the U. The television tower next to the Pearl River is a symbol of Guangzhou’s wealth. First-tier cities (figure 4) are the most developed and cosmopolitan urban centers; these include Shanghai, Beijing, Shenzhen, and Guangzhou.At this state-of-the-art factory in Guangdong province, workers create a wide range of jewelry. The other tiers represent cities with less wealth, lower wages, less discretionary income, less infrastructure, fewer amenities, and fewer resources.
Government reforms have helped fuel this development.As jobs are created and more resources are allocated into these emerging cities, consumer wages increase, discretionary income rises, and greater discretionary spending occurs.A sizeable portion of this discretionary spending goes to jewelry.This move fostered free market activity and flexible economic policies, especially for manufacturing and export.The province of Guangdong, including Shenzhen and Panyu, has important SEZs for the diamond, gemstone, and jewelry industries.