April 3, 2025
Athens, GR 18 C
Expand search form
Blog

China’s piano boom has gone quietly bust

China’s piano boom has gone quietly bust

A number of reports are suggesting that the Lang Lang effect is wearing off among the Chinese middle-classes.

New piano sales in China are thought to be down to half of the peak 400,000 and the resale value has plummetted.

An upright piano bought at 50,000 RMB fetches less than one-tenth of the purchase price in online sales sites.

The China Musical Instrument Association reports a 22 percent fall in ioperating income for the first three quarters of 2023, with profits down 43.35%.

Lang Lang, no longer a poster boy, is now middle-aged and married, an overpaid ‘ambassador’ for brands few Chinese citizens can afford.

The post China’s piano boom has gone quietly bust appeared first on Slippedisc.

Previous Article

Anna Netrebko steals headlines in Covent Garden’s new season

Next Article

Will the Met now normalise Anna Netrebko?

You might be interested in …