Yuppies think global but buy local brands, survey finds

INTERNATIONAL companies have made significant inroads in the battle for the cash of China’s urban elite but domestic firms still dominate, according to a recent survey.  

Crowds make their way past stalls along Beijing's famed Silk Alley, popular with tourists and locals alike for its cheap counterfeit goods, 28 October 2003. China is coming under increasing pressure from Europeans and Americans over its poor record on the protection of intellectual property under World Trade Organisation (WTO) agreements and has been told it must do a better job at ending rampant piracy and counterfeiting of foreign products. AFP PHOTO/Frederic J. BROWN