With rising income, Chinese consumers will look to upgrade consumption habits and switch to more expensive and premium brands when buying items such as cars and mobile devices, as well as driving higher spending on service sectors such as leisure and tourism, health, education and finance.
Swedish premium carmaker Volvo is to share a factory in China with parent Geely, the first time that Chinese and foreign marques will be made on the same mainland production line.
"Among Chinese consumers, there is an increasing demand for premium global content," Mr Ma said in a statement, adding that he hoped the partnership would serve as a "cultural bridge".
She is glued to her phone and tablet, using the messaging app WeChat to build a network of 300 clients who aren't afraid to pay premium prices for trustworthy Australian goods.
One, housing 6GB of RAM and 128GB of onboard storage, will retail for 3499 yuan($510, AU$680, ￡420) while a premium model with18k gold embossing and 256GB onboard storage will cost 3,999 yuan ($590,AU$770, ￡480).
The report ranks brands based on financial performance, its influence on customers, and its power to command a premium price or drive company sales.
In addition to a premium camera and long battery life, the company is expected to use Pixel to highlight a digital assistant software called "Google Assistant.
Slovakia Tap water might be free in some countries, but true mineral water usually comes at a premium.
The China Insurance Regulatory Commission estimates that premium income for private health insurers jumped by 94% in the first seven months this year.
Flaws in Apple's iOS software are sold at a premium.
Another successful case is Miniso, a high-quality dollar store chain that has been dubbed the "poor man's Muji" (a premium Japanese equivalent).
1mm wide wonders, it's no surprise that they command a premium price tag.
Meanwhile, almost all potential participants saw the market in the same light — as an easy and riskless way to collect premium income by selling such insurance.
Men put more of a premium on physical appearance and being relatively clever helped very attractive women stand out from the crowd.
SoftBank will pay ￡17 in cash for each share in Arm, a 43 per cent premium to its closing price last week.
"With this technological leap forward, we are offering our customers a whole new level of sheer driving pleasure, whilst pioneering new concepts for premium mobility," said BMW's chairman Harald Kruger.
They do not have to pay, unless they subscribe to premium benefits, and they obtain free access to some slick, useful applications.
The study states: 'We find that attractive individuals earn roughly 20 percent more than people of average attractiveness, but this gap is reduced when controlling for grooming, suggesting that the beauty premium can be actively cultivated.
The premium for zinc in Shanghai, the extra cost traders add to the exchange price for immediate physical delivery of the metal, has continued to fall.
But more recently, the yen's rise against the US dollar — to which Hong Kong's dollar is pegged — means that Japanese prices have again become more expensive, with a premium of roughly 10 per cent.
