Society

As Western retailers and luxury brands look to attract the next generation of shoppers, they need only look to China, who’s younger consumers and millenials are snapping up luxury products faster than one can say ‘Gucci’.Read More
The move, which received praise from U.S. President Donald Trump, is a significant shift toward a more autocratic regime. It also represents a formidable consolidation of power by Xi.Read More
Swiss watch exports to the US fell 0.4 % in November, by contrast, sales surged 40 % for the month in China - the biggest jump in almost three years.Read More
Travellers aren’t booking tours despite efforts to revive interest from China after ban on group packages was partially lifted.Read More
The policy outlines plans to develop shipping routes, expand its research programs, pursue environmental protection and develop resources across the Arctic. Read More
Tencent has been stepping up scrutiny on information circulating on its platforms. A total of 490 million false stories have been blocked this year.Read More
Chinese consumers accounted for 21 percent of the global luxury goods market in 2016, making the country the second largest luxury market in the world.Read More
Chinese age 18 to 34 accounted for 60 percent of the country’s foreign travel last year and spent more than $150 billion, Bloomberg Intelligence estimates.Read More
According to a report by World Economic Forum, China now ranks 100th out of 144 countries for gender parity, falling for nine consecutive years since 2008, when it ranked 57th. Read More
The rapid expansion of China’s wealth in recent decades has given birth to the country’s mass affluent male class (M.A.C), which wields massive purchasing power and directly affects luxury brands.Read More