Week In Review: January 20-24, 2014

In case you missed them the first time around, here are some of Jing Daily’s top posts for the week of January 20-24, 2014. 5 Essential Facts To Know About China’s Super-Rich In 2014 The Hurun Report released its annual survey of China’s ultra-wealthy last week, and in addition to providing information about their luxury shopping preferences and travel destinations, the report questioned these high-net-worth individuals (HNWIs) on a host of other details about their lives. 2014: The Year Of Individualism For China's Luxury Consumers “Stealth wealth” may have emphasized blending in, but this coming year, Chinese luxury consumers will be searching for ways to differentiate themselves from their peers. However, think niche; not bling. The government austerity drive continues and many wealthy consumers are striving to avoid the label of baofahu, or nouveau riche. Infographic: How To Engage Chinese Luxury Shoppers In Europe (Shutterstock) In order to shed some light on the habits of China’s high-spending jet-set, consultancy SmithStreet Solutions has put together an infographic on its findings regarding Chinese shopping in Europe. One of its main conclusions: Chinese travelers like to plan their shopping ahead of time. They search for brands on Baidu and take care of purchases for friends back home who don’t want to be stuck with China’s high tariffs on imported luxury goods. Spring Festival Spotlight | 8 Jewelry Collections For Chinese New Year As part of our ongoing series featuring the abundance of special-edition luxury items released for Chinese New Year, we take a look today at the multiple equine jewelry pieces that have been hitting the market. For brands such as Hermès, Gucci, and Ralph Lauren, this year’s zodiac animal is a natural promotion opportunity thanks to their equestrian heritage, but other companies that haven’t spent much time at the stables aren’t holding back. Did Tesla Just Start A Foreign Auto Price Revolution In China? The Tesla Model S. (Tesla) This summer, China’s state-sponsored media went on a significant negative PR offensive against foreign auto brands for their pricing policies on imported models, accusing the companies of gouging customers in China. It’s certainly an easy target—the prices of foreign models can be over three times higher in China than they are in their home countries—but foreign brands maintain that they have no choice with the high tariffs set by the government.

Week In Review: January 20-24, 2014

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Published January 24, 2014

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Week In Review: January 20-24, 2014