Jing Daily's China Luxury Brief: August 2, 2013

    Mainland shoppers' preference for Hong Kong, made-in-China French wine, and General Motors' new China appointment among today's top stories.
    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. Check out today’s stories below:#

    Hong Kong is still tops for shopping among mainland consumers. (SCMP)

    — CULTURE —#

    Domestic films are quickly catching up to their foreign competition.#

    While Avatar is still the earnings record-holder, the second and third top b0x-office hits on the mainland are both Chinese films. (WSJ)

    The builder of the world's tallest tower gets emotional.#

    “We had a sincere desire to build Sky City, but we received abuse and questioning hurled at us.” (China Real Time)

    Beijing's TAO Dance Theater to perform for the first time in a mainstream theater in mainland China.#

    "Mr. Tao said he isn’t certain the dances — performed by androgynous performers with shaved heads — will be received enthusiastically." (Scene Asia)


    French winemakers hope to put China-produced wine on the map.#

    "In three far-flung provinces, a world away from Beijing's allegations of European wine dumping, makers of such lofty French brands as Chateau Lafite-Rothschild and Dom Perignon champagne are investing millions of dollars to produce vintages they hope will put Chinese wine on the world map." (Reuters)

    General Motors names Tim Lee chairman of its China unit.#

    "Lee, who was the head of GM’s international operations, will oversee 12 joint ventures and more than 55,000 employees in the newly created position." (Bloomberg)

    Chinese bankers under fire for playing golf during work hours.#

    With so much anxiety over the country's economy, they have to unwind somehow. (Bloomberg)

    FASHION —#

    Hong Kong keeps edge for mainland Chinese shoppers.#

    "The mainland's middle-class consumers may have more choices than ever, but they still look to Hong Kong to set the trends, a survey from the Hong Kong Trade Development Council has found." (SCMP)

    Italian high-end outlet mall eyes China expansion.#

    "The joint venture between Italy's Fingen Group and the Waitex Group of the United States recently celebrated its second anniversary in Tianjin and announced a slew of plans to further expand its presence in other Chinese cities." (China Daily)

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