wealth gap
Xi’s Pledge At Congress Means Getting Rich Quick Is Out. Should Luxury Worry?
This week's 20th National Congress explicitly calls for more corrective measures to govern income distribution and wealth accumulation for the first time. Read More
Can Luxury Survive Another Year Of The Pandemic?
Thanks to the Delta variant, COVID-19 is lasting longer than most retailers expected. But how does that affect luxury brand strategies moving forward? Read More
Why the Chinese Decade of Luxury Is Just Starting
Does the latest government crackdown in China prove that the country’s luxury bubble is about to burst? Not so fast. Read More
Is China’s Curb on ‘Excessive Income’ Actually Good for Luxury?
China wants to curb “excessive” incomes and focus on moderate wealth for all. What does this mean for luxury brands banking on the country’s elite? Read More
Is Luxury Ready for Double the Amount of Millionaires in China?
Contrary to the West, China’s upper and middle classes are expanding and getting richer. What does this mean for luxury retail in the country? Read More
Why Luxury Brands Overlook These Non-HNWI Spenders
Luxury brands have been primarily focused on High Net Worth Individuals (HNWI), but are they missing out on other important segments in China? Read More
China’s Economy Bounced Back – Or Did It?
The Chinese economy bounced back strongly in 2021’s first quarter, according to China’s National Bureau of Statistics, but can we trust these numbers? Read More
On Douyin, Bragging About Wealth Is a Big No-No
The Bytedance platform has banned almost 4,000 users for showing off their wealth, signaling increasing content restrictions on China’s internet companies. Read More
China Lags Behind South Korea In “Luxury Friendly” Survey
According to a new survey by McKinsey & Co., South Korea is the most "luxury friendly" country in the world, reflected by a low rate of social stigma and an… Read More
