Jing Daily’s China Luxury Brief: September 4, 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:

The Chinese Timekeeper watch with white jade dials that will be on display in Hong Kong this September.

The Chinese Timekeeper watch with white jade dials that will be on display in Hong Kong this September.

— BUSINESS AND FINANCE —

Expert: China’s luxury demand is “evolving, not slowing.” Just being in China “is no longer a strategy for success,” says Euro Stars A-rated manager Arjen Los. (Citywire Global)

The “veil begins to lift” on higher consumer prices in China. Taxes and bureaucratic obstacles are cited as major reasons for steeper fees. (WSJ)

— CULTURE —

More yellow duck knockoffs invade China, but the roast duck one looks like the best copycat so far. (China Real Time)

— FASHION —

Ferragamo growth accelerates in China, and the company is eagerly looking to second- and third-tier cities. (Bloomberg)

Asian aesthetics becoming more prevalent in designer watches, and it’s no surprise which country they’re targeting. (NYT)

Relatedly, Asian watch brands up their efforts to compete with European counterparts. At Hong Kong’s upcoming watch fairs, Chinese and Hong Kong watchmakers will be presenting luxury timepieces with features such as jade dials. (NYT)

— LIFESTYLE —

Luxury brands are focusing on educating consumers about how to live large. Everyone from sommeliers to auction houses are working to teach Chinese consumers how to appreciate the finer things in life. (Bloomberg)

Grande lattes are $1 more in China than elsewhere. Retail rent is a main culprit for higher prices. (China Real Time)

Kweichow Moutai’s stock is tumbling after recent news of its continued sales slump. The corruption crackdown continues. (Forbes)

Hong Kong’s luxury seafood expo still has high hopes for mainland consumers, despite the crackdown. However, the main draw is lower prices, says one retailer. (SCMP)   

A global survey finds that Chinese travelers are more likely than average to choose luxury travel options. No surprise there. (New Zealand Herald)

GM sees accelerated China growth, helped by its Wuling and Buick models. Yet another automaker seeing a sales rebound. (Bloomberg)

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