corruption
China Denounces Money Worship (To Luxury’s Chagrin)
The Chinese Communist Party recently denounced the country’s money worship, extreme individualism, and corruption. But will that affect luxury? Read More
Sharp Rise in Macau VIP Gambling Revenue Signals New Beijing Crackdown
Macau's VIP baccarat rooms have experienced a sharp rise in revenue, but this may convince Beijing another major crackdown is needed. Read More
How Will the New Foreign Exchange Regulation Impact Chinese Tourism?
A new foreign exchange regulation that stipulates Chinese banks must report foreign transactions exceeding US$147 could impact tourism spending. Read More
Macau Gets Less Frustrated With Corruption—Because It’s Making Business Boom
A new survey finds that Macau business executives' frustration with corruption has gone down this year, but that may not be because it's going away. Read More
China’s Luxury Tea Sales Dry Up Amid Anti-Graft Drive
Premium Longjing tea, once more expensive than gold, now flounders as China's ongoing anti-corruption campaign sharply cuts sales. Read More
Quote Of The Day: Jia Zhangke
"Corruption is the most talked about issue in China. It’s a subject that the Chinese government... 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
What Effect With China’s Public Spending Clampdown Have On Luxury?
Tough times may lie ahead for luxury-mad Chinese officials, as Beijing announced its latest edict earlier this week: a complete ban of government splurges on luxury goods with public funds,… Read More
