Jing Daily's China Luxury Brief: September 4, 2013

    The Chinese Timekeeper watch with white jade dials that will be on display in Hong Kong this September.

    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 Chinese Timekeeper watch with white jade dials that will be on display in Hong Kong this September.


    Expert: China's luxury demand is "evolving, not slowing."#

    Just being in China "is no longer a strategy for success," says Euro Stars A-rated manager Arjen Los. (Citywire Global)

    The "veil begins to lift" on higher consumer prices in China.#

    Taxes and bureaucratic obstacles are cited as major reasons for steeper fees. (WSJ)

    — CULTURE —#

    More yellow duck knockoffs invade China,#

    but the roast duck one looks like the best copycat so far. (China Real Time)

    — FASHION —#

    Ferragamo growth accelerates in China,#

    and the company is eagerly looking to second- and third-tier cities. (Bloomberg)

    Asian aesthetics becoming more prevalent in designer watches,#

    and it's no surprise which country they're targeting. (NYT)

    Relatedly, Asian watch brands up their efforts to compete with European counterparts.#

    At Hong Kong's upcoming watch fairs, Chinese and Hong Kong watchmakers will be presenting luxury timepieces with features such as jade dials. (NYT)

    — LIFESTYLE —#

    Luxury brands are focusing on educating consumers about how to live large.#

    Everyone from sommeliers to auction houses are working to teach Chinese consumers how to appreciate the finer things in life. (Bloomberg)

    Grande lattes are $1 more in China than elsewhere.#

    Retail rent is a main culprit for higher prices. (China Real Time)

    Kweichow Moutai's stock is tumbling after recent news of its continued sales slump.#

    The corruption crackdown continues. (Forbes)

    Hong Kong's luxury seafood expo still has high hopes for mainland consumers, despite the crackdown.#

    However, the main draw is lower prices, says one retailer. (SCMP)

    A global survey finds that Chinese travelers are more likely than average to choose luxury travel options.#

    No surprise there. (New Zealand Herald)

    GM sees accelerated China growth, helped by its Wuling and Buick models.#

    Yet another automaker seeing a sales rebound. (Bloomberg)

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