It seems that nostalgic feeling is proving quite expensive for rich Chinese. They have been buying bicycles, which cost them more than the salary of an average citizen, which it makes in three years.
It is quite exciting to know the country, which is credited as the world's largest auto market is a lover of high end bikes. This craze has made market analysts to predict that the sales of high end bikes will increase by 10% a year.
Yu Yiqun, who is the creative director of an advertising company, said that he totally adores his bicycle, which he bought for 1, 00,000 yuan. He is sure of one thing that no other such bike is present in the country, and that is what which makes him boast about his bike.
Yu said that a number of memories are attached with bike, as earlier, his father used to take him at distant places on bicycles. It is not only a great means of transportation, but also a good way to keep oneself fit.
"Demand for mainstream luxury items such as premium cars, watches has come to a point of saturation. High-income groups now turn to high-end bikes to show off the uniqueness", said Yu about the increasing trend of bikes in China.
Physicists since long have been baffled by the point that what happens to the information when it enters a black hole. Stephen Hawking in 1970s have a theory that black holes emitted particles and simultaneously lost energy, eventually shrinking...
A new study by the Massachusetts Institute of Technology (MIT) has revealed that Istanbul lies...
The Michael J Fox Foundation is aiming to test wearable sensors in smart watches made by Intel's...
In January, trade surplus of Germany decreased since plunge in imports was more than a drop in exports. According to the Federal Statistical Office, exports dropped 2.1% in January to 96.3 billion euros ($105.57 billion) when adjusted for...
American Toymaker company Mattel on Thursday reported 21% decline in sales during the third...
The Google Glass Explorer edition is now available across the Google Play store across the US....
German retailer Metro AG witnessed a slow start to the Christmas season in its home market. But Metro affirmed that it is expecting 'satisfactory' Christmas trading as its operating profit was more than the expectations.
In the final...
According to Greek finance minister, Yanis Varoufakis,...
In January, trade surplus of Germany decreased since...
According to a new study, there are both benefits and...
A new study found that the levels of greenhouse gas have...
© 2011 AustrianTribune - Tribune Online Services. All times CET (GMT + 1.00).