Chinese Government Statistics
Strategic Forecasting, January 11, 2006, “Dissecting the Chinese Miracle”
China Daily, 3-2004
Dutton Associates Analyst characterizes the market for luxury goods
HONG KONG, CHINA, AND LOS ANGELES, CA – The Chinese economy grew 9.9%
in 2005 as gross domestic product increased to $2.26 trillion as reported by
the Chinese statistics bureau on January 25, 2006. This marks the 15th
consecutive year of significant GDP growth and confirms China’s position as
the fastest growing country in the world. China is now the world's fourth
largest economy. With increasing affluence among the highly populous coastal
cities, a growing middle-class now appears hungry for the trappings of
success: the luxury-goods market appears set for tremendous growth.
More than $1 trillion USD in foreign direct investment has flowed into
China in the last decade.
Western investment into China has remained startlingly constant at about
$7 billion annually.
China’s Population: 1,306,313,812 (July 2005 est.)
About 49% of households in the urban areas are classified as middle class.
The Chinese middle class is expected to reach 40% of the population by
2020 under current economic growth
LJ International, Inc. (LJI) (Nasdaq/NM: JADE), based in Hong Kong and
the U.S., is engaged in the designing and distribution of luxury jewelry
throughout Asia and the world.
Sally H. Wallick, CFA, Dutton Associates.
LJI’s Chairman and CEO, Yu Chuan Yih.
Chinese shoppers at new jewelry retail outlet in Macau.
Chinese luxury-goods consumers
Urban China B-roll
Wednesday, Feb 08, 2006
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