Catering to the Chinese Shopper’s Grand Tour
While President Xi Jinping’s austerity measures have been curtailing official extravagance,...
Feb 4, 2014
While President Xi Jinping’s austerity measures have been curtailing official extravagance,...
Aug 7, 2013
Chinese officials’ sensitivity about appearance has only intensified since sharp-eyed netizens started bringing down officials caught wearing—or even not wearing—luxury watches and other incriminating baubles. Such visible...
Feb 26, 2013
Despite claims that Chinese fashion brands are struggling in the market compared to foreign luxury brands, CNN reports Chinese designers are on the rise in the style capitals of the world, such as Paris and London. China...
Feb 7, 2013
Just before handing the baton of party power to Xi Jinping, former CCP general secretary Hu Jintao warned that corruption “could prove fatal to the party.” Since taking the reins, newly appointed general secretary Xi...
Jan 29, 2013
Despite the recent slowdown of retail sales of luxury items, such as jewelry, Chinese men are driving the rebound in the luxury market. Men now account for more than half of luxury goods spending in China, but some claim that...
Nov 30, 2012
Kevin Yeoh, a former Beijing-based fund manager with AMP Capital, sees potential profit lying in China’s luxury market. From Phillip Wen at Sydney Morning Herald: Yeoh warns that any sort of direct play requires research,...
Jul 31, 2012
Local and Western fashion companies continue to thrive in China, and J. Crew is trying to ride China’s fashion wave by opening its first store in Hong Kong, from Bloomberg Business Week: J.Crew Group Inc., the apparel...
Jul 15, 2012
Despite warnings against hyping gourmet foods and luxury clothing, western clothing brands are still looking towards China. Previously, luxury brands sought the young and affluent Chinese buyer, now high street fashion brands...
May 15, 2012
The People’s Bank of China announced a 50 bps cut in the reserve requirement ratio (RRR) for commercial lenders on Saturday as it stepped up efforts to boost growth amid signs of a weakening economy. The second such cut...