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 —#
Social media doing a better job than government in outing corruption.#
Reporters with Weibo accounts are taking much bolder actions than the state-run media. (WSJ)
Opulent Chinese government offices renamed to go under radar.#
Check out the ridiculous Versailles-style design from an office in Heilongjiang. (SCMP)
Asia will take up half the luxury goods market within a decade,#
according to the Economist Intelligence Unit. (Telegraph)
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FASHION —#
Jimmy Choo eyes China.#
Although China only accounts for a small portion of the shoemaker's current market share, hopes are high for the future. (China Daily)
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LIFESTYLE —#
China-U.S. tourism gets a boost.#
The National Tour Association (NTA) will host a China Market Forum in Hawaii next week. (China Daily)
This "mountaintop penthouse" in Beijing is pretty amazing.#
However, the neighbors aren't too happy (Mail Online)
Tesla may have to shell out a lot of money to fix its trademark problem in China.#
"In China, Zhan Baosheng took the trademark name Tesla in 2009 for a land, air and marine transportation vehicle registered in twelve different categories." (Value Walk)
Chinese tourists are boosting Vancouver's economy.#
"By 2025, the percentage of overnight visitors from Europe is expected to fall to four per cent from five per cent in 2000. But Asia-Pacific will grow to 11 per cent from nine per cent during this period." (The Province)
Hong Kong's high cost of living deters would-be parents.#
"Fully 45% of Hong Kong’s middle-class couples have abandoned the idea of having a child anytime soon, according to a new survey." (China Real Time)
It's easier to win at roulette than acquire a new auto license plate in Beijing.#
And in Shanghai, "buying a set of plates in the city’s auction system can mean spending more than on the car itself." (Bloomberg)
Girl's ridiculous middle-of-the-road Maserati parking job sparks social media outcry.#
Honestly, some people are just asking to go viral. (Shanghaiist)