austerity
China’s ‘Mooncake Austerity’ Leaves Mid-Tier Sales Intact
While the Chinese government aims to crack down on graft associated with extravagant mooncakes, strong Mid-Autumn Festival sales are still expected for cakes aimed at individual buyers. Read More
Steep Drop For Banquets Signals China’s Austerity Drive Still In High Gear
Some luxury sales have been picking up in the second quarter, but the continued decline of shark fin soup and baijiu sales shows that the government's corruption crackdown is far from over. Read More
Mixed Signals: Deciphering the Conflicting Reports on Luxury in China
China's luxury market is too diverse to be thought of as a monolithic whole, argues columnist Michael Zakkour. Read More-
What’s Behind China’s Luxury Slowdown? Look To Several Factors
As the growth of China's luxury market moves into single digits, those searching for a single cause must look beyond the government's anti-extravagance campaign. Read More
