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. Check out today’s stories below:#
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BUSINESS AND FINANCE —#
Bo Xilai's trial wraps up,#
after "revelations of private jet flights, luxury villas and rare animal meats have held Chinese Internet users spellbound." (AFP )
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CULTURE —#
Netizens go after China's "Green Tea Girls",#
yet another term that has popped up to stereotype spoiled, wealthy women who like to show off their opulent lifestyles on social media. (Yahoo Singapore )
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FASHION —#
The Swiss watch joyride has ended in China.#
Year-on-year exports are in a major slump, but brands still see sales opportunities and plan to focus on consumer loyalty. (Campaign Asia )
Italian handbag brand Furla plans to open 100 stores in Greater China.#
The company is moving fast, hoping to make China its largest market "within four to five years." (FT )
Niche brands fill Chinese fashionistas' desire to avoid looking nouveau riche.#
"They want to show that they have taste," says the owner of concept boutique S.T.A.R.S. (China Daily )
Tiny Times was styled by Vogue China's artistic director.#
The film is best watched on mute to appreciate the fashion, yet avoid the terrible writing and nonsensical plot. (ECNS )
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LIFESTYLE —#
State-run China Daily says "days of big money" are over for foreign automakers in China.#
They're not going to be happy to hear this: "China's Ministry of Commerce on Friday said it will move to change rules governing vehicle sales in the world's largest auto market." (China Daily )
Nepal's "Buddhist Mecca" hopes to court Chinese tourists, with China's help.#
China is investing in building an international airport, restaurants, and hotels in Lumbini, Nepal, which is said to be where the Buddha was born 2,500 years ago. (WSJ )