Is the crisis in the Chinese luxury market temporary? It is time for us to think of the Chinese market sociologically
Since 2012, Western luxury houses have been going through a slumping phase in their most profitable market China. Gucci has
Posts Tagged 'Chinese government'
Chinese government’s luxury spending limited by new rules
No more luxury items, goods or commodities above certain standards in the Chinese government agencies. The Chinese government promulgated a
China to ban public purchases of ‘High-End’ alcohol and cigarettes
Chinese government pledged to ban the use of public funds to buy cigarettes and “high- end” alcohol. “Corruption is the
Moutai luxury liquor in center of the public outcry over Chinese government spending
Debate is raging in China about officials’ spending on wining and dining, funded by public money. This year particular attention
Survey of Chinese officials’ luxury watches censored
“A simple watch can reveal the hidden corruption of some greedy officials and it shows that corruption leaves its mark.”