Shaun Rein, managing director of China Market Research Group, said that the latest Chinese brands no longer catch customers' eye by low price.

中国市场研究集团董事总经理雷小山表示，最新的中国品牌不再以低价吸引消费者的眼球。

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“Labour costs in China are one-tenth of ours, ” says Eustachio Nicoletti, managing director of his family's business, “and Chinese workers are far more flexible.”

Eustachio Nicoletti是他家族公司的总经理，说：“中国的人工成本只是我们的十分之一，而且中国工人要灵活得多。”

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'the volatility of the past year caused a major shift in terms of clients' net worth,' said Francis Liu, marketing managing director for Greater China at Merrill Lynch's wealth unit.

美林全球财富管理大中华区营销董事总经理刘昌欣(Francis Liu)说，去年的动荡使客户的净资产产生了重大变化。

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"The biggest risk in the world is China's middle class not being happy, " said Shaun Rein, the managing director of China Market Research, a consulting firm.

WSJ: An Unhappy Middle in the Middle Kingdom

"The average migrant worker's wages increased 15% this year, and inflation is only 1.9%, so that means lower-wage workers can spend, " said Shaun Rein, managing director of China Market Research Group in Shanghai.

CNN: New leaders face China's wealth divide

Stanford professor Michael Spence, Nobel laureate in economics, and Shaun Rein, founder and managing director of China Market Research Group (CMR), both told me that China might very well exceed Japan to become the second-largest consumer market in the world.

FORBES: China's Booming Consumer Market