spending
After Targeting Luxury Cars, Chinese Government Mulls High-End Booze Ban
Coming on the heels of last month's announcement that it may require government offices to purchase only domestic auto brands, Beijing recently said it plans to ban officials from spending… Read More-
Report: Look For Second-Hand Luxury Boom In China This Year
According to the newest UIBE China Luxury Report, 2012 should be another good year for luxury brands in China, though a growing number of ultra-wealthy consumers may cut back in… Read More -
“Brash & Flash” Mainland Chinese Lifeblood Of Hong Kong Luxury Market
With Hong Kong now seen as something of a "Toys 'R' Us for China's nouveau riche," as one bank executive put it, locals are feeling the squeeze, but this means… Read More -
10 Things You Might Not Know About The Chinese Luxury Market
This week, the market research firm Huicong D&B released its annual R.CHC white paper on major trends currently shaping the China luxury market, covering developments in 10 major cities throughout… Read More -
China Could Become World’s Top Consumer Market By 2020 (Video)
Addressing the need for a social safety net in China to provide more financial security, Fan Cheuk Wan of Credit Suisse says that while this reform is critical, the "significant… Read More -
Chinese Outspend French To Become World’s #4 Tourism Spenders
Chinese tourists spent a total of $44 billion outside the country last year, putting them behind only Germany, the U.S. and the U.K. in international spending. Read More -
Luxury Furniture To Be Beijing’s “Next Status Symbol”
Although Beijing's multimillionaires make up less than 1% of its total population, their spending power makes them a key demographic for luxury automakers, fashion labels, auction houses, and, increasingly, luxury… Read More -
Western Tour Operators Learning New Skills To Cater To Chinese Outbound Tourists
To court the growing number of Chinese outbound tourists, Western tour operators, hoteliers and retailers are finding that it's becoming more important to understand the particular needs of these tourists Read More 
Chinese Luxury Shoppers Outspend Japanese 2-To-1 At South Korean Malls
After a year in which the number (and profligacy) of Chinese tourists increased at Korean luxury malls, travelers from mainland China now account for twice as many sales per capita… Read More-
Predictions For 2010: The Chinese Luxury Buyer
Vivian Wai-yin Kwok of Forbes suggests that 2010 will be the a year of continued spending on so-called "practical" luxury items in China (contemporary art, luxury cars, and high-end real… Read More
