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China is a demographic, not a geography

China is a demographic, not a geography

Gary Leopold penned a helpful roundup of the recent L2 Think Tank conference that China Luxury Network’s Sage Brennan helped organize. He even quoted Sage repeating the China Luxury Network mantra: “China is a demographic, not a geography.”

He goes on to give a roundup of the key insights from the event with advice to luxury brands about tackling the China market.

Some of the highlights include:

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306,000 Chinese tourists visited New York last year: more to come…

306,000 Chinese tourists visited New York last year: more to come?

A new article in Business Insider came out today reiterating what we already know. Spendy Chinese tourists are traveling the globe, much to the benefit of luxury good retailers. An article in the Business Insider looked into Chinese tourists going to New York. Last year 306,000 Mainland Chinese visited New York - up from 59,000 in 2002.The typical Chinese tourist stayed for 11.3 days in New York and spent $3,297 per trip. Chinese tourists contributed US$877 million to the New York economy last year. Reasons cited for luxury purchases in the US include lower prices than those in China and the propensity for gift giving to bring back to family and friends.

We have noticed the influx of Chinese tourists to New York too, and have some exciting events planned for Chinese New Year in New York in 2012 that we will be announcing soon — contact us for more details.

http://www.businessinsider.com/chinese-tourists-new-york-marketing-2011-10

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China Luxury News Roundup: October 10

China Luxury News Roundup: October 10

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.

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Scaling Distribution in China

Scaling Distribution in China

I was recently asked to write an article for Business Forum China on my favorite subject - distribution in China. See the article at http://businessforum-china.com/article_detail.html?articleid=320 or read it below.

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Are market fears of a China luxury downturn warranted?

Are market fears of a China luxury downturn warranted?

This past week has seen the financial markets punish luxury stocks on fears of a China economic slowdown. (http://tgr.ph/pWac64)

The European Union is struggling to shore up their already debt laden banking industry as Greece teeters on the brink of default.  Meanwhile, the United States continues to battle high unemployment, low consumer confidence, and fears of a double dip recession.  Some economists perceive these events as omens pointing towards a second global economic crisis.

But how does China measure up amid these dire monetary projections? 

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