Jing Daily's China Luxury Brief: September 12, 2013

    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:#

    Shang Xia's new Paris location. (WWD)


    Chanel and Louis Vuitton are the best luxury brands at attracting employees in China.#

    And in case you were wondering, "those in charge of big-brand luxury companies' business in China earn an average monthly salary of 150,000 yuan and an average yearly salary between 1.5 million yuan and 2 million yuan." (China Daily)

    Li Keqiang says China in period of “medium to high speed” growth.#

    At the World Economic Forum in Dalian, China's Premier said that the resurgence will continue throughout the year, and that growth will come down to 7 or 7.5 percent afterward. (China Real Time)

    — FASHION —#

    Richemont sales growth misses forecasts.#

    More news that the crackdown continues: the luxury conglomerate known for its Swiss watches is still seeing slowing China growth. (London Evening Standard)

    Shang Xia opens in Paris.#


    Hermès-owned Chinese luxury brand brings Chinese traditional craftsmanship to France in its first store location off the mainland. (Reuters)

    Hong Kong-based watch company founder says Chinese consumers consider brand first, design second.#

    Forbes interviews William Shum, founder of Hong Kong-based Memorigin, on his views on the future of made-in-China watches. (Forbes)

    Gieves & Hawkes partners with Woolmark in China.#

    The British label has teamed up with Woolmark Gold, a Woolmark certification which guarantees the standard of cloth for apparel sold in China. (Fashion United)

    — LIFESTYLE —#

    McLaren roars into China luxury auto market.#

    The British automaker's vehicles cost up to $2.1 million apiece, putting it in competition with Rolls Royce and Lamborghini. (AFP)

    Chinese visitor spending in London increased by 170 percent in five years.#

    Imagine what it could have been if the visa policies weren't as restrictive. (Asia Travel Tips)

    U.S. travel agencies focus on China market.#

    Los Angeles and Hawaii continue their ongoing efforts to bring in high-spending tourists. (China Daily)

    — TECH —#

    The verdict is in on Apple's botched China unveiling.#

    With widespread derision over the company's "cheap" iPhone price of $700 in China and its lackluster presentation for Chinese reporters, it looks like the Chinese government doesn't even need to pursue its anti-Apple campaign. (Quartz)

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