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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.

    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 14, 2013.#

    Get ready, London: the Chinese tourists are on their way.

    — BUSINESS & FINANCE —#

    Most of China's super rich buy children education abroad.#

    Foreign education: the ultimate luxury item. (ECNS)

    Is China's property market experiencing a bubble?#

    Despite "ghost cities", it may not be, some argue. (Forbes)

    UK Chancellor of the Exchequer began trade mission to the mainland,#

    and touted Rolls-Royce airplane engines and Burberry luxury items at a speech at Peking University. (CNBC)

    — CULTURE —#

    Chinese artist Wang Qingsong to present at the Istanbul Biennial.#

    The event will also run a parallel exhibit showcasing the work of 27 emerging Chinese artists. (ECNS)

    — FILM —#

    China announces it will make one film for each of its 55 ethnic minority groups.#

    Let the costumed Mandarin-language dance numbers and offensive stereotypes begin. (Variety)

    Global Times#

    is still bitter about Tiny Times.#

    "Fan films are ruining the movie industry," it laments. Imagine what they would say if there were a Chinese Twilight. (Global Times)

    Gravity is set for lift-off in China next month.#

    China's Film Bureau has approved its release, earning it a coveted spot among the limited number of foreign films shown. (The Hollywood Reporter)

    — FASHION —#

    Footwear Association Charity Event announces Shanghai fundraiser.#

    Another sign philanthropy is on the rise in China. (WWD)

    LVMH pressured to find "new niche".#

    This year, "Vuitton's sales growth halved as it failed to anticipate consumers' move away from logo-branded luxury goods and Chinese demand cooled." (SCMP)

    Italian tanneries bullish on luxury market.#

    “'The demand from China increased not only for the products directed to the U.S. but also for the domestic market,' said Conceria A Tema CEO Massimo Testai, who lamented a stagnation in the European business." (WWD)

    Michael Kors growth expected to accelerate on strong China strategy.#

    "The luxury apparel and accessories retailer is planning to open around 100-125 stores in China going forward." (The Motley Fool)

    — LIFESTYLE —#

    Britain announces plans to simplify visa application for Chinese tourists.#

    It looks like luxury marketers' lobbying efforts paid off. (Telegraph)

    Rolls-Royce enjoys strong growth in China.#

    Bespoke Phantom and Ghost models are particularly popular. (Auto Evolution)

    Luxury yachts find rich Asian buyers.#

    China isn't developing as fast as some hoped, but Dalian Wanda's major new yacht station in Qingdao may at least help Sunseeker in the future. (SCMP)

    Cadillac is "taking off" in China.#

    Although still a tiny player in the market, it's growing quickly. (The Motley Fool)

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