A group of us are doing a project for Profero, one of the world’s foremost digital agencies. We met with the UK management today, and afterwards went out for a drink with the MD Nick Blunden (who blogs here). Profero has a significant Chinese presence, and we all got discussing China (du-uh)!
Nick’s comments about the single grandchild of 4 grandparents got me thinking about the Fortune article from 2-3 years ago (Sorry can’t find the link after a lot of attempts). This social aspect of revolutionary change is sometimes forgotten amidst the 1-billion hype. First, it clearly shows how delays can be loooooong. The policy of 1-child was encouraged/implemented in 1960s! Second, relative disposable income per child is huuuuge, especially in the dual-income families. Thirdly, and most importantly, this is leading to children growing up in a certain way: behaviorally (get what they want, thus stubborn) and their macro-view (China can only grow fast). Social implications of what I would call this waiting to explode volcano are anyone’s guess. I am not underestimating the strength of the Chinese to re-align; however, economic growth pangs always come with social ones – but these are real unique.
How does this lead to advertising – well such children and youth of China are much more digital than in developed nations (as a percentage); they get all the gadgets from their families and have a lot of spare time to spend on it. All of this started from the discussion of a Internet-dance game (adapted from the arcade step-to-dance game) in China that has 36 million registered users and almost 34-million of those are active!! Talk about an available market for advertising baby and move over Second Life!
I must go to China soon, my dad also keeps insisting