Giant on the move
This is almost certainly not what Chinese policy makers had in mind when they started encouraging exporters to explore the domestic market to help make up for a drop in Western demand: sex toy makers opening flagship stores in Beijing.
With factory owners looking to tap the local market to soak up excess capacity now that the export market is less reliable, many are setting up their own local brand names and retail outlets.
In the case of many products, like clothing and electronics, that does not necessarily portend any significant change in habits or lifestyle.
from The Great Debate:
China has talked about plans to allow foreign companies to float on its domestic stock markets for at least a decade, but that's all there has been: talk.
Now would be a good time to convert some of that talk into action. Beijing has been struggling with its own investment strategies: the state gets feeble returns on the U.S. Treasury bonds it owns, and its equity stakes in foreign financial firms are well under water.