Spending patterns of the super-rich have change a lot, tells business analyst Shaun Rein at CNN, Now they focus on both art and exclusive travel. Sales of luxury goods are dropping, and many blame Xi Jinping´s anti-corruption drive, but the rich just make different choices, says Rein.
Category Archives: fashion
Fast moving changes among China´s ultrarich, business analyst Shaun Rein noted when he recently joined a millionaire on a trip to South Africa. Travel is hot for the rich, sharing their experiences over WeChat. Bling is out, feeling good is in, he tells at CNN.
Apple´s watch got a lackluster welcome worldwide, but luxury industry watchers in China expect the new device will make a blast in the China market. China Rich List founder Rupert Hoogewerf explains in the International Business Times why the watch is so attractive.
High-end brands are no longer the only winners in China´s luxury industry, as affordable fashion gets the favor of consumers, and high-costs items are mostly purchased outside China, explains business analyst Ben Cavender in the China Daily.
China´s consumers are becoming more sophisticated and – unlike the past – they do no want to be seen in the same outfit as their colleagues. It is about customizing, not about showing off, tells business analyst Ben Cavender in CNBC.
A fast growing group of Chinese define themselves as diaosi or ´losers´, going against the ideal status of achievement, status and wealth. WSJ´s Wei Gu discusses this popular feature or urbanites, who are often no losers at all, with James Roy or the China Market Research.
Taking on the Japanese market is not easy for anybody, and certainly not for Chinese. But Shiatzy Chen, a luxury fashion brand from Taiwan with a 35-year history, seems to be making all the right moves, says retail analyst Paul French in the Women’s Wear Daily.
Convincing Chinese consumers is no easy task for foreign brands. Marketing expert Tom Doctoroff gives in Women’s Wear Daily some tips for American denim brands. “Definitely no dragons.”
Rumors say that Apple has been able to struck a deal with China’s largest telecom provider China Mobile to sell iPhone, cheaper than elsewhere in the world. Marketing guru Tom Doctoroff explains in NPR why selling the iPhone cheap in China is a bad idea.