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Chinese Pinyin - BMW is Chinese millionaires'favorite







CITYLIFE / Hip & New






BMW is Chinese millionaires'favorite

(Xinhua )
Updated: 2007-01-15 10:30


BMW is Chinese millionaires' favorite luxury brand, according to a survey
conducted by a company owned by Rubert Hoogewerf.


Hoogewerf, known as "Hurun" in China for his list of China's Fortune 100,
surveyed the lifestyle of 604 Chinese entrepreneurs each with personal
assets over 10 million yuan (about 1.28 million U.S. dollars).


BMW, Louis Vuitton, Mercedes-Benz, Rolex and Giorgio Armani were the top
five luxury brands on the list, followed by Ferrari, Rolls-Royce,
Bentley, Cartier and Vacheron Constatin.


Luxury sedans, watches and fashion items are status symbols that allow
China's new rich to show off their success, said the report on
www.hurun.net.


Traveling, swimming and golf were voted the most popular leisure
activities. Family activities only came seventh, despite the fact that 90
percent of the millionaires surveyed claimed their families were more
important than their careers.


Homemade spirits and cigarette brands won applause with Wuliangye and
Zhonghua being voted Best Liquor and Best Cigarette.


The millionaires voted Air China Best Domestic Airline and Tsinghua
University was Best Executive MBA programme provider. China Merchants
Bank was selected as the best provider of onshore personal banking and
credit card services.










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