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Quotable [China Daily: Europe Weekly]
[August 14, 2014]

Quotable [China Daily: Europe Weekly]

(China Daily: Europe Weekly Via Acquire Media NewsEdge) "The Chinese market is small today, but it will grow quickly." Arnold Donald, chief executive officer of Carnival Corp & Plc. He said China is soon expected to become the largest global cruise market even though it is currently smaller than established markets such as North America and Europe.

"In China and other countries, the habits of watching television among the young generation have changed." Nobuki Kurita, president of Sony (China). One of Sony's efforts to lure young customers is to embrace Internet leaders. Sony China is working with Chinese electronics firm Xiaomi on Internet services to enable Sony's TV remote to also operate Xiaomi's TV set-top box. Sony will also leverage its gaming businesses to sell its big screen sets.

"To say weddings are a booming industry in China is an understatement." Zhang Yun, president of Qixi Group. An average of $12,000 is spent on each wedding, according to the China Wedding Industry Development Report. With more than 10 million weddings each year, the market is likely to reach $120 billion.

(China Daily European Weekly 08/15/2014 page18) (c) 2014 China Daily Information Company. All Rights Reserved. Provided by SyndiGate Media Inc. (

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