per capita

A report by the investment bank Morgan Stanley predicts that the purchasing power of Chinese consumers in lower-tier cities will reach $10 trillion by 2030. Read More

Despite the steadily growing presence of upmarket European and North American chocolate makers, China has traditionally been a difficult market. Read More

According to figures recently released by the Bordeaux Wine Industry Association (CIVB), last year China surpassed Germany to become the world's largest importer of French Bordeaux wines in terms of wine volume as well as transaction volume. Read More

Over the past several years, there has been a major push by global luxury brands to gain a solid foothold in Macau. But can Macau pick up steam as a luxury destination? Or will it always be overshadowed by its neighbor, Hong Kong? Read More

In the wake of last year's economic slump, the world's top luxury brands have intensified their efforts in developing a strong foothold in the emerging world, particularly in the BRIC markets of Brazil, Russia, India and China. In recent months, however, it is becoming clear that most major luxury brands see their futures (at least in the short- to medium-term) resting on the rapid growth of the "I-C" markets of India and China. Read More