Many cities try to lure massive spending Chinese tourists, but Paris is year after year the winner, also when it comes to what they spend per capita. China Rich List founder Rupert Hoogewerf explains the magic of France´s capital in the Jakarta Post, and the challenges for competitors.
Category Archives: luxury
China state media framed the last week´s Hurun Report on the luxury industry a success for the anti-corruption struggle of president Xi Jinping. But the rich cut back their spending only marginally, and Hurun founder Rupert Hoogewerf calls 2014 even a “banner year”.
Branding expert Tom Doctoroff explains how luxury shopping is expanding in China. Wealth is branded, unlike in the past. Most millionaires in China are self-made, and they are learning how to behave, he tells in GQ.
The number of dollar billionaires in China will be larger than those in the US in two years time, estimates China Rich List founder Rupert Hoogewerf in GQ. Why China is the growth market of the future
How does the Chinese luxury brand owner look like, wondered Rupert Hoogewerf and his Hurun Rich List firm provided a thorough analysis of this successful market, They looked at the Audi, BMW, Mercedes Benz, Lexus, Volvo, Land Rover, Cadillac and Infiniti. A report from the Malaysia Chronicle.
The agreement between China and the US to issue 10-year visa might have been a first watershed moment, other countries are following suit. WSJ wealth editor Wei Gu discovered soon for a New Zealand visa, showing your platina UnionCard opens doors.
Author Shaun Rein of The End of Copycat China explores at Richard Heffner’s Open Mind a fast changing China. Twenty years ago Chinese had trouble to meet their basic needs, but now – as wealth has exploded – they start to redefine what is important in life, their Chinese dream, as president Xi Jinping calls it.
Chinese have become avid international travelers, but they develop into a very different breed than other tourists. Shaun Rein explains in his today released book The End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia, how different China tourists are, and what they mean for the industry.
Teargas and water canons did not deter Hong Kong protesters, but the rising tension do chase away wealthy Chinese and the much-needed tourists to the island state, writes WSJ wealth editor Wei Gu in the Wall Street Journal. A quarter of luxury property in Hong Kong is bought by mainland Chinese.
Diamond sales in China have gone up 14% last year, while all other luxury goods suffered from the ongoing anti-corruption campaign. WSJ´s Wei Gu analyzes with De Beers CEO Stephen Lussier, why diamonds keep on doing so well.