China Luxury News Roundup

China Luxury News Roundup

Summary: Luxury auto dealers are beginning to provide more sales incentives in the face of slower economic growth in China and fear of excess inventory. Luxury Institute releases top trends for 2012, including the end of luxury flash sites. Mainland Chinese tourists are accounting for 67% of visitors to Hong Kong, and the largest group of spending. Fake luxury products found on China Amazon site. Shanghai Tang plans to double its stores in China. Sotheby’s posts strong sales in its Hong Kong auction. Wyndham opening a new resort in southern China. China inspired Maybach 62 debuts in Xian. Links to full stories below.

Luxury auto dealers offering sales incentives for fear of China slowdown

http://carscoop.blogspot.com/2011/10/slowing-demand-in-china-forces-luxury.html

Luxury Institute releases top trends for 2012

http://www.marketwatch.com/story/luxury-institutes-wealth-and-luxury-trends-2012-and-beyond-2011-10-06

Mainland Chinese are 67% of Hong Kong visitors and spend the most

http://www.bloomberg.com/news/2011-10-09/chinese-know-highest-quality-comes-with-lowest-prices-in-hong-kong-retail.html

Fake luxury products found on China Amazon site

http://technode.com/2011/10/09/do-not-buy-luxury-products-on-amazon-china-dangdang-because-they-are-just-counterfeits/

Shanghai Tang plans to double its stores in China

http://l2thinktank.com/blog/2011/10/shanghai-tang-booms-on-china-luxury-demand/

Sotheby’s posts strong sales in its Hong Kong auction

http://www.reuters.com/article/2011/10/07/us-sothebys-diamond-idUSTRE7960DY20111007

Wyndham opening a new resort in southern China

http://www.aocap.org/luxury-wyndham-sails-into-southern-china/

China inspired Maybach 62 debuts in Xian

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