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    Jing Daily's China Luxury Brief: September 23, 2013

    Actor Leonardo DiCaprio walks the red carpet at Dalian Wanda's unveiling of its massive new film studio in Qingdao, which it says will be the world's largest. (Reuters)

    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:#

    Actor Leonardo DiCaprio walks the red carpet at Dalian Wanda's unveiling of its massive new film studio in Qingdao, which it says will be the world's largest. (Reuters)

    — BUSINESS & FINANCE —#

    Drama stirs in Hong Kong's tight luxury retail real estate market.#

    Banks are "fighting" to return to prime downtown locations where luxury brands have taken over due to high rents. (SCMP)

    China seeks to ban officials from spending money intended for meetings on luxury banquets.#

    If the government is just starting this now, what exactly has it been doing all year during the corruption crackdown? (Bloomberg)

    — CULTURE —#

    Wang Jianlin says "people are able to film what they want to film these days" as he holds star-studded party to celebrate Dalian Wanda's massive new Chinese movie town.#

    Well, that's obviously not true, but which Hollywood stars will comply with the censorship to gain big at the box office? (China Real Time)

    — LIFESTYLE —#

    Mid-Autumn austerity showed signs of decline in spending.#

    "Individual cities reported low sales for items that usually fly off the shelves during the holiday." (China Economic Review)

    Xinhua argues that the Mid-Autumn Festival was brought back to its "original flavor".#

    Tradition is still strong despite less spending on high-end goods, argues the state-run press. (Xinhua)

    Luxury restaurants in China lunge for budget diners.#

    The crackdown on official banquets has taken a huge bite out of the luxury restaurant industry in China, so venues are downscaling to reach a more middle-class clientele. (Want China Times)

    Can Chinese luxury tourists save Spain?#

    Despite the economic crisis, Chinese visitor spending is still strong in the country. (CNTV)

    Lamborghini looks for another market to offset the effects of the China slowdown.#

    It has the United States and India in its sights. (GMA News)

    Scene Asia interviews Paulo Pong, head of the Press Room restaurant group and manager of Hong Kong wine importer Altaya Group.#

    His main travel essential? "A can of aged pu-er tea." (Scene Asia)

    — TECH —#

    Alibaba pushes mobile messaging app.#

    The battle with Tencent intensifies. However, the app is "little-known" at the moment, despite having many of the same features as WeChat. (China Real Time)

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