Liz Flora
These Lower-Tier Chinese Cities Will Have 2 Million or More ‘High-Income’ Residents by 2030
A new Economist report predicting income growth in China through 2030 finds that the number of lower-tier Chinese cities boasting large numbers of high earners is set to skyrocket. Read More
Report: 60% of China’s HNWIs Plan to Buy Overseas Property
A new report says that concerns over yuan devaluation and property bubbles are prompting China's rich to buy real estate overseas with a plan to get a third of their… Read More
Study: Chinese Millennials Spend Big on Shopping Because They Live with Their Parents
A new CBRE survey of Chinese millennials finds that not being able to afford to buy property means they're actually spending more on shopping and entertainment. Read More
What Facebook in China Would Mean for Foreign Brands
As some experts believe Mark Zuckerberg's charm offensive in China is paying off, brands are envisioning what an unblocked Facebook would mean for their social media marketing strategies. Read More
Getting ‘Phygital’: 5 Key Strategies Global Luxury Brands Need to Reach Connected Chinese Consumers
The recent Luxury Interactive conference held in New York gave luxury professionals insights into leveraging social influencers, e-commerce, and a high-tech in-store environment. Read More
China’s New Billionaires Worry About Leaving ‘Untested’ Heirs in Charge of Their Money
As China's newly rich gear up for a first-time generational transfer of wealth, making sure their heirs are "suitable" for handling their legacy is proving to be a challenge. Read More
Report: China Has World’s Most Billionaires for Second Year in Row
China may have lost two billionaires in the past year, but the Hurun Report claims it still has more than the United States. Read More
Deloitte: China’s Luxury Price Gap Remains Wide
Recent analysis by the consulting firm finds that luxury prices in China remain some of the highest in the world as the gap with the UK becomes especially wide. Read More
K-Beauty Set to Gain From China’s Latest Cosmetics Tax Cuts
The popularity to "K-beauty" that comes from China's obsession with all things Korean is predicted to increase with a new tax cut on imported cosmetics. Read More
Shanghai Has Most Expensive Luxury Costs in Asia for Third Year in a Row
Even as luxury prices decline, they're still the highest in Shanghai compared to any other city in Asia as mainland China's tariffs continue to have an effect. Read More
