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연구정보

연구정보

국내외 연구기관에서 발표된 중국 연구 자료를 수집하여 제공합니다.

연구보고서

Hierarchy of Consumer Demand and Industrial Development in China and India

Moriki Ohara, Ashraf Pulikkamath 2024-03-13

This study draws on status consumption and the hierarchical nature of consumer markets to examine the impact of consumer aspiration on moving up the social hierarchy in the choice between foreign and local brands in the auto industries in both countries. In China, small and medium cities and affluent rural areas are the primary locations where people engage in “new consumption suitable for their future status,” opting for German automobiles. Individuals with weaker upward aspirations or those accepting the status quo tend to choose local Chinese brands. In India, this trend is primarily observable in the largest cities, but not in other markets. Many individuals in India consume products “commensurate with their status,” and their upward aspiration selects local brands such as Maruti Suzuki. This implies that the difference in upward mobility-driven consumption has differentiated the process of industrial development in the two countries’ automobile sectors.

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