Chinese Consumers Have a New Wish List

When the Communists took over China in 1949, some of the most highly sought luxuries were a sewing machine, a wristwatch and a bicycle.

Now, 60 years later, urban Chinese people have a very different wish list, which includes big ticket items – cars, houses and traveling for vacation. Alison Klayman reports from Beijing, September 29, 2009.

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