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China’s mainland has over 875,000 multimillionaires

The Hurun Research Institute published the 2010 Hurun Wealth Report today for the second consecutive year. The report analyses the number and distribution of China’s wealthy across the nation’s major cities and provinces. The report shows that there are 875,000 people with more than RMB 10million (EUR 1.1M / USD 1.47M) in China today, an [...]

hong-kong-louis-vuitton-queue

Video: China’s love for luxury

CNN posted an interesting video today about the growing number of mainland Chinese shoppers flocking to Hong Kong to buy luxury goods, much to the enjoyment of Hong Kong retailers and international luxury brands alike.

sanya-boatshow

Hainan Rendez-Vous 2010

Picture a world where the champagne never stops flowing, the music never stops playing, the jewels never come off and the parties never end… Now throw in haute cuisine aboard mega yachts, flights aboard gilded private jets, exclusive luxury property launches and private previews of the latest couture collections. Stir up the action with a [...]

chanel-china-doll

Chanel Celebrating the 2010 Shanghai World Expo

To celebrate the Universal Exhibition in Shanghai, Chanel is launching the Chanel Shanghai accessories collection inspired by the delights of China. This limited-edition collection, which includes bracelets, necklaces, handbags and earrings, will debut at Chanel’s five mainland boutiques this May.

paul-gauguin-painting

Chinese collectors push prices to new levels

Prices for antiques in China have risen sharply over the past five years and now galleries all over the world over are waiting for the nation’s cashed-up collectors to spread the wealth overseas. Speaking on the sidelines of the Netherlands’ Tefaf Maastricht, New York gallery director James Hennessy said that internationally things were looking up [...]

bordeaux-wine

China ousts US as Bordeaux’s top client

China‘s seemingly unquenchable thirst for wine has ousted America as Bordeaux’s number one client outside Europe, latest figures showed Friday. With overall exports down a large 23 percent in 2009, vintners are now looking to the East to drain their cellars. “China has become our first client outside the European Union,” said Alain Vironneau, president [...]

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