With discussion of a looming trade war between China and the European Union, Chinese threats to slap tariffs on luxury goods don't seem to be coming to fruition for the time being.
For the auction house's upcoming June 26 and 27 London sales, several big-ticket and emerging Chinese artists are expected to attract both international and Chinese buyers.
A new McKinsey report analyzes the demographics, geography, and future consumption patterns of China's rapidly growing middle class, and several key factors bode well for the luxury industry.
As sales growth slumps for high-end cognac in China, Rémy Cointreau continues with its robust efforts to target a younger nightlife crowd.
Although some fashion companies are holding back from expanding too quickly into China's second- and third-tier cites, their presence is inevitable with the rapid growth occurring beyond Beijing and Shanghai.