Jing Daily's China Luxury Brief: August 28, 2013

    China's possible luxury tax expansion, a Ningxia winery's new name, and Maserati's China sales are 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:#

    The new Chateau Changyu Moser XV winery in Ningxia.


    China may expand its luxury tax.#

    Xinhua is reporting that China’s finance minister Lou Jiwei has stated more luxury goods will be taxed; however, the government says this every few months, so it is yet to be seen if it's for real this time. (Bloomberg)

    "Brother Watch" set to stand trial.#

    In case you were wondering why officials are now taking great efforts to hide displays of wealth: Yang Dacai, a local official infamous for being ousted on Sina Weibo for wearing expensive timepieces, will go on trial for bribery this week. (China Real Time)

    CULTURE —#

    Chinese director Chen Kaige named jury president of Tokyo International Film Festival.#

    It's good to see China and Japan getting along when it comes to film, at least. (Scene Asia)

    Ford signs on as sponsor for "Chinese Idol".#

    The automaker is probably hoping the government doesn't continue to crack down on sensationalist singing competitions like it has been. (China Real Time)


    Dalian Wanda completes acquisition of "James Bond" yachtmaker.#

    "As reported, it has been promised that the day-to-day running of Sunseeker in Poole will be unaffected, with its 2,500 workforce keeping their jobs." (Daily Echo)

    Changyu names new Ningxia-based winery after its consultant, Austrian winemaker Laurenz (Lenz) Moser.#

    "The new Chateau Changyu Moser XV winery cost €70 million to build and boasts an 800 barrel cellar." (The Drinks Business)

    China takes the lead for Maserati Quattroporte sales,#

    making the model the brand's biggest seller. (Reuters)

    Lincoln preps for its debut in China next year,#

    but it's not a "true" luxury brand "yet." (The Detroit News)

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