Jing Daily's China Luxury Brief: August 22, 2013

    Bo Xilai's luxury Cannes villa, mooncake austerity, and slumping Swiss watch exports are among today's top stories.
    It truly is an age of austerity.

    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:#

    No officials allowed.


    Cannes luxury estate key exhibit in Bo Xilai trial.#

    "Neither Bo nor his family appear on official French records as owners of the property." (SCMP)

    Needy EU nations trying to woo Chinese home buyers.#

    Cyprus, Greece, Portugal, and Spain all hope to gain some economic relief from China's global property spending binge. (Bloomberg)

    FASHION —#

    Swiss watch exports to China tick downward, yet again.#

    It looks like the crackdown's not over yet: although some luxury goods are regaining steam, July exports to China slipped 9.7 percent after improving in June. (WWD)


    Is tennis star Li Na the "most important player of this decade"?#

    The New York Times has a seven-page profile of her. (NYT)

    China is now in the era of "mooncake austerity".#

    At least for officials, who are now barred from "wasteful" spending on delicious mooncakes. (China Real Time)

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