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China Launches New Index to Measure Consumption Habits of the Rich
Chinese financial media company Caixin has released a new index to track the evolving spending habits of China's wealthy. Read More
Survey: Chinese Travel Spending Shifts from Hard Luxury to Premium Necessities
Recent surveys suggest affluent Chinese shoppers are now less inclined to buy luxury items like jewelry, watches, and handbags as their international travel spending shifts toward cosmetics and health supplements. Read More
Australian Winemakers: “China Deserves Better”
Of the countries currently turning to China as a key wine export destination, few have been as motivated as Australia, which currently counts mainland China as its fourth-largest wine market. Read More-
Martell Opens First “Experience Boutique” In Hong Kong
Last year, Martell's $3,600-per-bottle L'Or cognac sold out in China, and waiting lists for upcoming vintages are packed with Chinese buyers. Martell looks to be returning the favor, as the… Read More -
Lotus Opens First “Five Star” Supermarket In Shanghai
This week, the Thai hypermarket chain Lotus opened its first "luxury" hypermarket, in an attempt to meet the demand of wealthy Shanghainese (and foreign residents) for more premium and imported… Read More
