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Everest a Spiritual Trophy for Wealthy Chinese

Wednesday was the 60th anniversary of Edmund Hillary and Tenzing Norgay’s historic climb to the top of Qomolangma, or Mount Everest, whose summit is neatly bisected by the border between China and Nepal. China Daily marked...

Scenes from China’s Consumerist Revolution

A precarious economic outlook and efforts to stem officials’ conspicuous consumption have prompted fears for the health of China’s luxury market. Sales of prestigious Moutai liquor have indeed drooped, but Hermes and...

Aviation Giants Target Chinese Growth

Aviation companies have flocked to Shanghai this week for the Asian Business Aviation Conference & Exhibition as they look toward Chinese businesses and wealthy individuals to offset slumping demand for private jets in the...

Plan B for China’s Wealthy

A growing trend amongst members of China’s upper class is the aspiration to move abroad. An article in the Wall Street Journal tells the story of a few affluent might-be migrants and their reasons for considering a new...

Supersizing Supercars in China

Bloomberg reports on the race among the world’s luxury car makers to bring their SUV lines to China’s nouveau riche: “Luxury cars are at the top of the consumption desires of rich Chinese,” said Giuliano Noci, vice...

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