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:#
The new Chateau Changyu Moser XV winery in Ningxia.
—
BUSINESS AND FINANCE —#
China may expand its luxury tax.#
Xinhua is reporting that China’s finance minister Lou Jiwei has stated more luxury goods will be taxed; however, the government says this every few months, so it is yet to be seen if it's for real this time. (Bloomberg)
"Brother Watch" set to stand trial.#
In case you were wondering why officials are now taking great efforts to hide displays of wealth: Yang Dacai, a local official infamous for being ousted on Sina Weibo for wearing expensive timepieces, will go on trial for bribery this week. (China Real Time)
—
CULTURE —#
Chinese director Chen Kaige named jury president of Tokyo International Film Festival.#
It's good to see China and Japan getting along when it comes to film, at least. (Scene Asia)
Ford signs on as sponsor for "Chinese Idol".#
The automaker is probably hoping the government doesn't continue to crack down on sensationalist singing competitions like it has been. (China Real Time)
—
LIFESTYLE —#
Dalian Wanda completes acquisition of "James Bond" yachtmaker.#
"As reported, it has been promised that the day-to-day running of Sunseeker in Poole will be unaffected, with its 2,500 workforce keeping their jobs." (Daily Echo)
Changyu names new Ningxia-based winery after its consultant, Austrian winemaker Laurenz (Lenz) Moser.#
"The new Chateau Changyu Moser XV winery cost €70 million to build and boasts an 800 barrel cellar." (The Drinks Business)
China takes the lead for Maserati Quattroporte sales,#
making the model the brand's biggest seller. (Reuters)
Lincoln preps for its debut in China next year,#
but it's not a "true" luxury brand "yet." (The Detroit News)