Daily Brief

February 21, 2018

TODAY’S TOP FIVE CAN’T-MISS STORIES

  • 1

    8 Years Later, Being an Asian American Designer Isn't Special Anymore

    In 2010, The New York Times published an article that would predict the biggest change in contemporary fashion history. They were right. Eight years later, the paradigm has shifted. For New York Fashion Week Fall '18, participants were greeted with a sea of new Asian — not just Asian American — talent coming from all over the world. Unlike past seasons where having Asian designers seemed more like pandering than genuine interest stemming from buyers and editors, this season could easily be the starting point of a fashion revolution within the U.S market. Read more on Paper

  • 2

    As Young Chinese Get Hooked on Hip-hop, Streetwear Sees a Boom

    Chinese label CLOT’s runway show at New York Fashion Week was neatly embodied in a single soccer jersey. On one side sprawled a dragon, on the other a Nike swoosh. The show was meant to bridge East and West, and to show off Chinese fashion talent to an American audience. In a collaboration with Nike, Air Force 1 sneakers were redone with ornate silk uppers that took inspiration from traditional Chinese textiles. At the core of the show, meanwhile, were the baggy pants, bomber jackets, and flannels that are staples of streetwear, an amalgam of skate and hip-hop cultures exerting a growing influence around the world. Read more on Quartzy

  • 3

    More Chinese Consumers Buy Imported Goods Online During Spring Festival

    In the next few days, Ms Lin Li will receive biscuits from Japan, dried cranberries from the United States and French red wine at her home in Kunming, Yunnan province. Thanks to the rapid growth of e-commerce, Ms Lin, a white-collar worker, did not have to leave her home; she simply placed an order online with her mobile phone. "These products are of high quality and cheap. When I was studying abroad, I often (brought home) cosmetics, handbags and electronic devices for my relatives and friends," said Ms Lin, 32. Read more on The Straits Times

  • 4

    5 Things Investors Should Know About China This New Year

    China is still in the early stages transitioning from a manufacturing to a consumption and services-based economy. According to the World Economic Forum (WEF), Chinese household income is projected to grow around 5 percent annually between now and 2027, elevating approximately 180 million people into the middle-income bracket. This will contribute to greater demand for everything from appliances to smartphones to automobiles to luxury goods. Read more on Forbes

  • 5

    E-commerce Fuels Rebound in Chinese Gold Buying

    President Xi Jinping's fight against corruption and extravagance has dampened Chinese spending on luxury goods over the last few years. Broader use of 18- and 22-karat gold, which are better suited to jewelry than the pure 24-karat gold traditionally preferred by Chinese buyers, also weighs on total gold consumption. Read more on Nikkei Asian Review