Jing Daily's China Luxury Brief: September 16, 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:#

    China's detained cruise liner, the Henna. (Xinhua)


    Mooncakes and hairy crabs stay mid-range this season.#

    State-run China Daily argues that the anti-graft crackdown is working when it comes to curbing high-end edible goods sales before the Mid-Autumn Festival. (China Daily)

    Shanghai free-trade zone moves closer to its (possible) launch date.#

    Late September is the expected time for the start of the new economic center. (MarketWatch)

    Hong Kong's government bans shark fin soup at official functions.#

    The move follows the mainland's earlier policy, a decision heralded by environmental groups but likely aimed more at the anti-extravagance campaign. (China Real Time)

    — FASHION —#

    "Designed by Shanghai" shows in London.#

    The Shanghai Fashion Designers Association and Chinese multi-brand designer retailer Dong Liang are making sure Chinese designers have a strong London presence this season. (WWD)

    — LIFESTYLE —#

    China's cruise industry hits snafu with stranded ship.#

    A Chinese luxury cruise ship setting sail around the Korean peninsula was halted in the water by South Korean authorities after a Chinese state-owned shipping company filed a complaint that the operator, HNA Tourism, owed the company money. The passengers have been allowed to disembark, but not before this turned into a PR nightmare for Chinese cruises. (CNN)

    Volkswagen aims to increase stake in FAW joint venture.#

    The company plans to lift its stake from 40 to 50 percent, demonstrating the growing importance of joint ventures for foreign auto success in China. (Bloomberg)

    The Chinese media campaign against high foreign auto prices is still going strong.#

    After a CCTV report, "debate about foreign cars gathered further steam," says China Daily today. It remains to be seen whether or not this new offensive will have a stronger effect than the anti-Apple debacle. (China Daily)

    Despite the bad PR efforts, no official probe has been made into the auto industry, authorities said.#

    They are looking into retailers of eyeglasses, however. (4-traders)

    Luxury fireplaces becoming trendy for China's rich.#

    Fireplaces with imitation logs, that is. (FT)

    Luxury property exhibition planned for Shanghai.#

    An invitation-only expo sponsored by

    Lamborghini, Dassault-Falcon and Interior Design will take place in December, and is expected to expand to a number of second-tier cities in the coming years. (Property Report)

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