Welcome to#
Jing Daily#
’s China Luxury Brief: the day’s top news on the business of luxury and culture in China, all in one place. Look below for the top stories for October 29, 2013.#
Li Xiaolin, daughter of former Premier Li Peng, wearing a coat that received much negative attention on Weibo for its ostentatious and expensive look. (Hexun)
— BUSINESS & FINANCE —#
China central bank seeks to reassure money markets after rate spike.#
After a spike in short-term interest rates, the bank hopes to "avoid a repeat of a credit panic that roiled markets in June." (Reuters)
Foreign hedge funds warm to China.#
They probably hope princelings are studying their economics, since they're likely going to be hiring many. (China Real Time)
— FILM —#
China still a "notorious" market for film piracy.#
No surprise there, and online downloads will be replacing the notorious DVD shops in years to come. (SCMP)
Hollywood director Michael Bay eager to shoot in Hong Kong again.#
The purveyor of high-budget action films won't let a random attack stand in the way of him and the China film market. (SCMP)
Co-productions "key to moving Chinese filmmaking forward."#
Now filmmakers just have to get the formula right for appealing to both Chinese and foreign audiences while dealing with heavy censorship; sounds like it should be easy. (Global Times)
— FASHION —#
Daughter of former Premier Li Peng accused of wearing expensive designer coat at National Women's Congress.#
Netizens are outraged that it looks like it's made of fur. The designer hasn't been verified, but it does look pretty crass. (China Real Time)
Photos: Mercedes-Benz China Fashion Week.#
Designs feature everything from QR codes to traditional Chinese styles. (Scene Asia)
North Korean women "very fashionable" but "can only go so far in following international trends."#
Most of their designer clothes come from China due to sanctions. Well, the ones that aren't starving or in prison camps, that is. (WWD)
The top five Chinese haute couturiers.#
We'll likely see way more than five in the years to come. (ArtInfo)
— LIFESTYLE —#
London Luxury Quarter rolls out VIP treatment for coming wave of Chinese tourists.#
Twenty luxury brands will be offering bespoke initiatives for Chinese tourists after the UK announced it would reduce visa requirements. (Jing Daily)
Thailand set to become a "Chinese shoppers' paradise."#
"Bangkok, the country's capital, has beaten London to become the most popular tourist spot in 2013." (Global Times)
Recovering Irish tour operators eye €74 billion Chinese tourist market.#
Tiger Woods hopes to build golf courses there for them. (Irish Times)
Australia to cash in on forecast quadrupling of Chinese visitor spending.#
Casinos down under are rushing to court visitors. (ABC)
— TECH —#
Apple's iPhone sales face test in China.#
Apple's fiscal fourth quarter saw a 6 percent jump in revenue, but can growth be sustained? (China Real Time)