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China Luxury News Roundup

China Luxury News Roundup

Summary: Luxury brands are thriving despite the global economic downturn, largely driven by Chinese consumers increased spending at home and abroad. Changing Chinese consumer preferences opening opportunities for designer brands like Paul Smith in China. Chinese government regulations and luxury trends paving the way for more subtle luxury products. A look into luxury auto showrooms in Beijing. China’s wealthy are getting wealthier. Chinese tourists flooding France. Australia says “Nihao” to Chinese tourists. A new Chinese luxury e-commerce company receives funding.

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China Luxury News Roundup

China Luxury News Roundup

Summary: Prada plans 12 stores in China over next three years. Jaguar is developing models specifically for the Chinese market. Wealthy Chinese are emigrating to other countries. Mercedes Benz sponsors tennis star Li Na. Korea’s tourism sector relies increasingly on Chinese tourists. The U.S. is a preferred destination for Chinese investors.

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China Luxury News Roundup

China Luxury News Roundup

Summary:Urban luxury homes are back in demand thanks to new foreign buyers from Russia, China and Brazil. LVMH sales are strong thanks to mainand Chinese shoppers who frequent their stores overseas. HSBC says the newly rich from China are younger and have a desire for conspicuous consumption. Hermes brand Shang Xia is one year old and plans expansion in China.

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GroupM China & CIC: The Voice Of Luxury

GroupM China & CIC: The Voice Of Luxury

A collaborative research effort by GroupM Knowledge China and CIC has unveiled Chinese consumers’ behavior and interests in interacting with luxury brands in China.

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