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BEIJING, Jan.12 -- When wanting to arrive in style,
China's millionaires like nothing better than a chauffeur driven Rolls Royce,
but if they are getting behind the wheel themselves it is the Bentley that will
enjoy a day out of the garage.
That's according to the Hurun
Report's 2006 Best of The Best awards, a survey of brands preferred by the
Chinese mainland's growing army of US dollar millionaires.
Covering categories ranging from Best Yacht to Best
TV Chat show, 600 Mainland Chinese entrepreneurs worth 10 million yuan
(US$1.25million) or more were interviewed for the awards.
What's the point behind this survey of the super rich
in a country where the average wage is less than US$200 per month?
"It's inspirational," explains Hurun's Mica Quinn.
"China has changed a lot and being conspicuously wealthy is no longer frowned
upon as it has been in the past. If you ask young people today what they want to
be in the future they will tell you they want to be rich.
"Because of the way China's economy is growing,
today's white collar workers could be tomorrow's millionaires or billionaires
luxury brands know they need exposure to people at all levels."
As well as being a celebration of luxury brands and
an affluent lifestyle, the results of the survey also provide useful information
for the companies involved, says Quinn, with a regional breakdown allowing
companies to see where they are strong and, more importantly, where they need to
improve.
This regionalization also threw up some interesting
differences between entrepreneurs across the country.
Beijing's rich favoured the US as a travel
destination, while Shanghai's elite opted for Europe and France. Overall,
however, it was Australia that came out on top.
Elsewhere, the awards were dominated by European
brands with Bentley, Rolls-Royce, Mercedes Benz, BMW, Porsche and Ferrari all
claiming honours in the motoring section with Buick the sole US representative
with an award for Best Executive Car For Business Use.
In the Watches, Jewellery and Fashion section
Vacheron Constantin, Cartier, Rolex, Montblanc and Giorgio Armani swept the
board, while Hennessy, Chivas Regal and Dom Perignon claimed prizes for Best
Cognac, Whisky and Champagne.
Best Chinese Liquor went to Wuliangye, and other
Chinese brands also cropped up: Air China took the gong for Best Domestic
Airline, the Chang'an Club was named Best Private Club, Tsinghua University
carried off the Best Executive MBA Course and China Merchant's Bank received
awards in the Best Personal Financial Services for RMB and Best Bank for Issuing
Credit Cards categories.
Managing director of Vacheron Constantin Asia
Pacific,Jean-Michel Paray, whose watches retail for tens of thousands of US
dollars, said he was delighted with the award.
"You can't realize how important this award is for
us. We've just been celebrating our 250th anniversary of making watches, making
us the oldest watchmaker in continuous operation in the world, and in our
archives we've just discovered a watch made for China in 1805, which makes us
the oldest watch exporter to China. After receiving awards from within the
trade, it's wonderful to get one from our customers."
(Source: China Daily) |