In 2023, global economic growth will face many uncertainties. The World Economic Outlook Report released by the International Monetary Fund (IMF) in January predicts that global economic growth will slow to 2.9% in 2023, down from 3.4% in 2022. This is mainly due to the slowdown in economic growth in major economies such as the United States and the Eurozone. Leaders of various countries have…
Category Archives: marketing strategy
China’s Rising Nationalism and Its Impacts on Foreign Brands’ Marketing
Over the past few decades, China has experienced rapid economic growth to become the world’s second largest economy. The expanding middle class with rising purchasing power has made China an important market for foreign brands. According to Euromonitor, retail sales value in China totaled $6.1 trillion in 2021, making it a market too important for international companies to ignore (Euromonitor, 2022). However, rising nationalism in…
Marketing Mistakes Foreigners Make in the China Market
With the rapid development of China’s economy, the importance of this huge market with a population of 1.4 billion has become increasingly prominent for foreign companies. The importance of the Chinese market According to statistics from the National Bureau of Statistics of China, China’s GDP growth rate has remained above 6% in the past 10 years. The WTO announced in 2020 that China replaced the…
What Are The Digital Marketing Channels in China
Digital marketing refers to a marketing method that disseminates marketing information through digital channels such as the Internet to achieve brand promotion and sales promotion. With the improvement of digitalization, digital marketing has become an indispensable means for enterprises. So, what digital marketing channels are available in China? A. What are the digital marketing platforms in China? 1. Baidu promotion Baidu Promotion is the largest…
Which Products Suitable for Social Integration Marketing
With the popularization of smart communities, marketers use crowd stratification to become more refined and closer to consumers. Community marketing communication with a more accurate reach rate has become the first choice for many famous companies to complete brand marketing promotion. However, all marketing has its uniqueness and limitations, and not all categories are suitable for community integrated marketing. From the data, the following categories…