consumption

Rupert Hoogewerf, founder of the Hurun Report, recently spoke to Xinmin about the current state of the Chinese luxury market, and how the nouveau riche are currently shaping it -- both positively and negatively. Read More

This week, the Italian retailer RDM announced that it will invest nearly $1 billion to build five "Italian-style" high-end luxury outlet malls throughout China, operating under the name "Florentia Village." Read More

Top Marques Chengdu will see many high-end brands make their debut in western China, with 50 companies expected to exhibit more than 400 products, from automobiles and fashion to jewelry and watches. Read More

It seems that Chinese collectors aren't only driving the prices for Chateau Lafite or Chateau Cheval Blanc to new heights, they're also on the hunt for rare tipples from a bit closer to home. Read More

From the archives: The flashy sense of style being fostered in some of China's wealthier cities presents an opportunity for fashion houses that doesn't exist anywhere else in the world at the moment, save perhaps for Dubai or Moscow. Read More

From the archives: According to the Hurun Report, a member of the new nobility should own three houses, an impressive art collection (probably of Chinese contemporary and traditional art), and spend around $1 million per year on luxury goods. Read More

While Hong Kong retailers have welcomed tourist-shoppers with open arms, luxury brands would like to see more Chinese spending locally. However, stemming this Hong Kong-bound tide has been anything but easy. Read More

Luk points out many attributes unique to Chinese consumers: a focus on iconic products, a cool reception to overt Orientalism by foreign luxury brands, and a love of traditionally Asian materials, such as jade. Read More

As luxury brands further extend their reach into the mainland China market, Jing Daily turns its attention to the exclusive malls and shopping centers that are home to many of the top lux labels. Read More

From the archives: The rising spending power of wealthier women has convinced many in the Chinese luxury industry that "the future is female." If this is the case, the future has already come to Chengdu. Read More