Jing Daily’s China Luxury Brief: September 19, 2013

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:

Mid-Autumn Festival celebrations. (AP)

Mid-Autumn Festival celebrations. (AP)

— BUSINESS & FINANCE —

What are the most popular goods for Mid-Autumn bribery? Apart from mooncakes, alcohol and watches are unsurprisingly up there on the list. (BBC)

Chinese consumers taking classes on how to tell real from fake luxury goods. “Luxury appraisal classes” are now available in Shanghai to help buyers figure out if they’re getting the real deal amidst China’s many shanzhai offerings. (China Daily)

Christie’s tests China waters. Its one-day China sale is expected to be a “modest affair”, estimated to bring in $16 million. (China Real Time)

Bo Xilai’s verdict will be announced on Sunday. The case full of twists and turns, including ample discussion of Bo’s lavish lifestyle, is finally coming to an end. (WSJ)

China’s home prices are not only growing, they’re growing faster. Average prices for August rose at their fastest rate since 2011. (WSJ)

— CULTURE —

Today is the Mid-Autumn Festival, a time for worldwide celebrations and pandas eating mooncakes. (China Real Time)

The rise of the Chinese rom-com. Zhang Ziyi has gone from playing a sword-wielding heroine to a lovestruck romantic in her recent roles. (China Real Time)

— FASHION —

Swiss watch exports continue to decline in China, with a drop of 4.7 percent. (WWD)

— LIFESTYLE —

Mooncakes a “hard sell” this year for corporate gifting. “In a good year, I would get 10 or 15 mooncakes or coupons for mooncakes, but this year, I’ve only gotten five,” said one law firm partner. (China Real Time)

Chinese consumers “not charged up” by green car subsidies. Foreign car companies such as Tesla weren’t considering these in the first place, considering the fact that imports will be insanely expensive no matter what. (WSJ)

— TECH —

Apple is getting rid of the three-month China delay to purchase new iPhone models. With their high prices, however, people are still likely to buy imitations. (Bloomberg)

Categories

Uncategorized