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    Jing Daily's China Luxury Brief: October 3, 2013

    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.
    Chinese travelers in Hainan during Golden Week.

    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:#

    Chinese travelers in Hainan during Golden Week.

    — BUSINESS & FINANCE —#

    Sotheby's to hold largest-ever Hong Kong sale for 40th anniversary.#

    The historic auction will feature a "118-carat white diamond valued at $35 million and a painting by Zao Wou-ki valued at more than $11 million." (China Real Time)

    China in the midst of a debate over inheritance taxes.#

    With no tax at all right now and China's high savings rate, filial piety brings big rewards. (China Real Time)

    — CULTURE —#

    Photos: Golden Week a time for fun, sun, and traffic jams.#

    The vacationers in Hainan are probably happy they didn't have to drive there. (China Real Time)

    — FASHION —#

    China boosts "affordable luxury" brand Ted Baker's profits.#

    The company reported a 30 percent sales jump. (London Evening Standard)

    — LIFESTYLE —#

    Newsflash: wealthy Chinese tourists enjoy high-end travel packages.#

    China Daily, as always, only a few years behind the zeitgeist. There's some interesting info on HHTravel, however. (China Daily)

    Macau casinos see gold during Golden Week.#

    "On Thursday, Macau casinos were lifted by a strong start to the Oct. 1-7 National Day holiday. Sands China jumped 3.2 percent and Galaxy Entertainment 3 percent, to hit respective record highs." (Reuters)

    How to pair wine with well-known Chinese dishes.#

    For roast duck, go for "lighter white wine with acidity and slightly sweet taste like Pineau de la Loire." (The Drinks Business)

    A review of the new Shangri-La in Qufu.#

    Check out Confucius' birthplace in style. (Telegraph)

    Fairmont expands reach into China.#

    The company's president said the company is "excited to be adding a hotel in a major domestic market like Hangzhou," demonstrating the importance of Chinese leisure travelers to luxury hotels in China. (4Hoteliers)

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