http://blogs.reuters.com/globalinvesting/2011/12/16/a-shoe-a-song-and-western-promise/ Insights behind the investment headlines Thu, 20 Jun 2013 04:12:38 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/globalinvesting/2011/12/16/a-shoe-a-song-and-western-promise/comment-page-1/#comment-17655 China-is-big Wed, 11 Jul 2012 03:25:54 +0000 http://blogs.reuters.com/globalinvesting/?p=4855#comment-17655 Shoes, that's interesting. It's one of the booming industries for internal consumption in China. The Chinese shoes, once super cheap and sold at every corner in China Towns around the world, is now shifting from being an export good to a fine product for local consumers, who are getting pickier than ever. The pace of change encompasses manufacturing and design functions as well, because after years of Western shoe companies coming around and setting up sweatshops in southern China, the locals have smarten up and stole all the tricks(and bought the machinery) of the trade. Wanna see an example? Just go on Taobao. Shoes, that’s interesting. It’s one of the booming industries for internal consumption in China. The Chinese shoes, once super cheap and sold at every corner in China Towns around the world, is now shifting from being an export good to a fine product for local consumers, who are getting pickier than ever. The pace of change encompasses manufacturing and design functions as well, because after years of Western shoe companies coming around and setting up sweatshops in southern China, the locals have smarten up and stole all the tricks(and bought the machinery) of the trade. Wanna see an example? Just go on Taobao.

]]>