The fundamental knowledge of Chinese consumers is a key success factor for Korean companies to penetrate the Chinese markets. This study reviews the recent researches on Chinese comsumer behaviors to identify three factors: What are the socioeconomic-...
The fundamental knowledge of Chinese consumers is a key success factor for Korean companies to penetrate the Chinese markets. This study reviews the recent researches on Chinese comsumer behaviors to identify three factors: What are the socioeconomic-demographic environment changes in China? What are the value change trends of Chinese consumers? According to the environments and the value, what are the characteristics of Chinese consumer`s lifestyle? The study reviews the contemporary literatures and proposes the framework to answer the research questions. The results show that the socioeconomic-demographic change affect Chinese consumer`s value and lifestyle which are changing dramatically since last 20 years. The concrete value changes and lifestyle are further investigated to come up with 5 different consumer groups: Onpo, Sokang, Intellectuals, X-generation and YUPI