Chinese debt
In China, Will Luxury Go Down the Drain With Evergrande?
Evergrande Group shares plummeted by 20 percent on Monday, and China’s government is bracing for action. How will luxury be affected? Read MoreIs China’s Debt Crisis A Ticking Time Bomb For Luxury?
China’s rising national debt levels will eventually hamper economic growth and create a market with less disposable income for luxury. Read MoreAre Suning Group’s Money Woes A Concern For China’s Online Retail?
All the shares of one of China’s largest retailers, Suning Holding Group, have been pledged to Alibaba’s Taobao to secure a loan. Read MoreChina Proposes Luxury Tax Increase to Rein in Millennial Debt
China seeks to increase the luxury goods tax rate to curb Millennials' irrational spending on luxury brands and bring back a culture of frugality. Read MoreTop Destinations for Wealthy Chinese Looking to Move Abroad Revealed
Hurun Report has revealed the top destinations for Chinese HNWI immigration, which is driven by concerns about education and pollution. Read More