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    Jing Daily's China Luxury Brief

    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.
    Jing Daily

    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. Look below for the top stories for October 21, 2013.#

    — BUSINESS & FINANCE —#

    It's official: Starbucks is the new foreign brand pariah for Chinese media.#

    CCTV goes after the real problems in China: after meticulous research, the state-run news outlet has concluded that a Starbucks latte does indeed cost more in China than in the United States. Chinese citizens must be so thankful that hard-hitting journalists tackle the country's most crucial issues. (Reuters)

    China stocks rise after government calls for “unrelenting” encouragement of domestic consumption.#

    This may mean more slowdown relief for retailers in the fourth quarter. (Bloomberg)

    Urban Chinese find consumer prices too high.#

    "Almost 60 percent of urban Chinese people found prices of consumer goods in the third quarter as 'high and unacceptable,' a central bank survey said on Wednesday." (CRI)

    China yuan strengthens to new high against USD.#

    As if luxury goods weren't expensive enough in China. (Global Times)

    China is reaching its "tipping point" toward a "service" economy to reduce reliance on manufacturing.#

    Residents of smog-choked cities should be happy to hear that. (China Daily)

    — FILM —#

    Chinese regulators restrict imports of TV formats.#

    They're really concerned about those singing competitions. (The Hollywood Reporter)

    Hollywood must think bigger about China, says producer Janet Yang.#

    The Joy Luck Club creator says that Hollywood is slacking when it comes into cashing in on China's booming film market. (Chicago Tribune)

    — FASHION —#

    How Hong Kong's fledgling fashion design scene can rise to next level.#

    "I think there can be more support from the local government and trade people recognising the importance of nurturing local talents," says local designer Johanna Ho. (SCMP)

    — LIFESTYLE —#

    Buyers rush for Hong Kong's luxury flats.#

    The demand is supposedly coming from locals after the government enacted policies to discourage mainlanders from buying. (SCMP)

    The Mandarin Oriental Hong Kong turns 50.#

    The average guest profile has likely changed a lot in the past 50 years as wealthy mainlanders flood into the city to shop and do business. (Telegraph)

    Shanghai's new free-trade zone to herald hotel boom.#

    As if there already wasn't one? (SCMP)

    Shark fin soup goes out of style in China.#

    "The demand for shark fins has plunged," giving hope to conservationists. But how much is this really related to changing attitudes and how much to the anti-extravagance campaign? (The Independent)

    Fur product prices rise on growing demand in China.#

    It looks like animal rights advocates shouldn't get too excited just yet: fur is booming in China. (Global Post)

    Muji eyes China expansion.#

    The Japanese lifestyle brand is likely to give Ikea a run for its money. (The Australian)

    — TECH —#

    The future of retail lies in "clicks, not bricks."#

    A growing number of fashion and beauty shoppers tend to prefer online shopping over brick-and-mortar. Too bad retailers are facing so many logistical complications with e-commerce in China at the moment. (China Daily)

    Smaller cities shopping more on online luxury platforms.#

    If you can't make it to Hong Kong, Shanghai, or Beijing to shop, it's the next best thing. (ECNS)

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