News
Apple Supplier Foxconn’s Factory Exodus Casts Shadow On Retail Supply Chains
A COVID-19 outbreak at Foxconn’s Zhengzhou plant, which makes iPhones, prompted a mass exodus of workers. What does this mean for China-based supply chains? Read More
China’s GDP Recovers In Q3 2022 But Retail Still Lags Behind
The Chinese economy is recovering from the second-quarter slump largely caused by lockdowns in Shanghai. Can we expect a bullish retail performance soon? Read More
Xi’s Pledge At Congress Means Getting Rich Quick Is Out. Should Luxury Worry?
This week's 20th National Congress explicitly calls for more corrective measures to govern income distribution and wealth accumulation for the first time. Read More
UK Does Another U-Turn On Duty-Free Shopping In Blow To Retail Sector
Changes to the UK’s VAT-free policy have sent the industry into a tailspin — and will make London less attractive for Chinese tourists when they return. Read More
Retail Takeaways From China’s 20th National Congress Opening Day
Beijing seeks to achieve common prosperity while asserting the effectiveness of “Dynamic Zero.” What does this mean for luxury and retail? Read More
China Says No To Speculative All-Virtual Metaverse
China's new metaverse approach is to “use the virtual to enhance the real." How will this impact luxury brands' Web3 activities? Read More
How Top-Tier Cities Fared During China’s National Day Holiday
Jing Daily checks in on the performance of top-tier cities — Beijing, Shanghai, Guangzhou, and Hainan — during China’s Golden Week. Read More
No End In Sight For China’s ‘Dynamic Zero’ COVID Policy
People’s Daily recently published three op-eds that support China’s current “Dynamic Zero” policy, denting hope of a speedy return to pre-pandemic normalcy. Read More
Hong Kong Offers Half A Million Free Flights To Boost Tourist Economy
The city is giving away free flights next year to revive its battered visitor economy. But there are no expectations of a V-shaped rebound. Read More
Will Britain’s Resumed Tax-Free Retail Scheme Win Back Chinese Shoppers?
Britain is bringing back tax-free shopping for overseas visitors, much to the delight of local retailers. But will Chinese tourists splurge like before? Read More
