Wang Jing was all smiles as she strolled out of a Cartier boutique in Singapore after blowing close to 5,000 US dollars on a watch and a ring. “It’s something I have always wanted, and besides, the economy isn’t looking too bad at the moment,” the Chinese tourist in her early 30s, in Singapore for [...]
The Chinese Government has started to roll out plans to turn the southern island of Hainan into what is being called a “global destination” and the private sector has been quick to rally to the cause. New resorts, visa-free entry to tourists from more countries, duty-free shopping for everyone and the possibility of more sports-betting [...]
China has replaced the US to become the world’s second largest luxury goods consumer, only second to Japan, according to a report by World Luxury Association. The report also said Chinese people consume about 27.5 percent of the world’s luxury products. Luxury goods consumers in China are mainly aged between 20 and 40 with a [...]
Despite the economic crisis, 2009 ended better than it began for the French luxury goods sector, thanks largely to China’s growing taste for high-end products, encouraging thoughts of a better 2010. Following the trend set by other global luxury brands, Hermes and LVMH announced fourth quarter sales growth on Thursday and Friday, suggesting the worst [...]
While the rest of the world in the past 12 months saw declining figures in the sales of high-end goods, China’s market continued to blossom. And as well as its developing desire for brand names, the nation appears at the same time to be growing a very sweet tooth. China’s chocolate market — driven by [...]
China has unveiled the world’s largest chocolate wonderland in Beijing. Among the 500 life-size figures exhibited in the fair there are chocolate shoes, clothes and also a life-sized BMW 1-series car. According to a report in the official China Daily newspaper, 10 craftsmen needed four tonnes of chocolate and six months to make the car.