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But experts say Western brands aren't yet in a position to be successful in China, the world's most important luxury market, because of their reliance on brick-and-mortar stores and lack of savvy when it comes to digital retailing.
But of course, the former helmsman of the Central Asia market for Unilever, which last year acquired the Swedish company, is well aware that it takes more effort and investment to get consumers to pay for a durable machine than, say, a sundae or the bottles of shampoo he used to sell.
But in recent years there has been a populist backlash in some quarters in the West, particularly among those in former industrial heartlands who feel they have missed out.
But he also pointed out that only 20 percent of the domestic demand for IC products and services have been met by the Chinese IC companies. More effort can be made to cater to booming domestic demand, which in turn will become another growth engine for the Chinese IC companies, he said.
But low salaries under the planned economy constrained people's travel demands. Few people could afford to travel, and there was no significant rise in the number of trips made during Spring Festival.
来源：资阳报