China and India Trends towards Western-Style Consumption Products that interest these youth markets In these markets, the youths are intrigued by technological applications. They lead the world in innovation ranging from mobile platforms, automated cars and internet purchasing. This has been accelerated by the emulation of Western-style consumption, which is characterized by mobile devices instead of television or computers as their principal source of information access. Experts in social media argue that

China and the World Trade Organization On December 11, 2001, China officially became a member of the World Trade Organization (WTO), opening the country's doors to change and a new economy. One year after china's entry into the WTO, the country reported great success, showing better-than-expected economic growth and fulfillment of its WTO commitments, despite the shaky world economy. The excellent performance of the Chinese economy was clearly demonstrated by its 8% growth

Social class remains a key demand driver on both a micro and macro level. The perceptual map of the global cell phone market based on features and price is as follows: The first point of segmentation is with respect to behavior, in particular the benefits sought and usage rate. The demand in the developed world for smartphones has been driven by demand for new features. Younger consumers are heavy users of

The new reform policies set up industries producing appliances, textiles, garments, computers, mobile phones and other inexpensive manufactured goods (Shekarabi & Rabii 2007). While China opened up to foreign investments and the outside world, its leaders assured that the transition to a market-oriented economy would be complemented with policies to promote social stability. As foreign money pours into the Chinese markets, research and development in various fields advance the status

Furthermore, the Chinese version of the iPhone cost as much as $1,025, compared with $299 in the United States. "Apple picked a weak partner, irked the customer with its pricing, and ignored the competing channel. Essentially, it continues to cultivate competition by marketing the touch-screen smart-phone segment and weak-playing the largest market in the world" (Yaw 2009). According to Chinese consumers, "the iPhone in China costs more than 1000 dollars

Parents are aware that the competitive economy combined with the pressure to succeed means they must push their children. Schools and teachers are also under tremendous pressure to perform. "Some schools link teacher pay to student test performance, and the pressure on teachers is intense" (Chang 2008:5). However, despite the economic gains of recent years, there is also a profound sense that something has been lost of China's native culture.