While China's wealthy urbanites are cutting back on conspicuous consumption this year, particularly in the run-up to this fall's decennial government changeup and amid a tougher overall economic climate, one country that stands to continue to gain from China's evolving luxury demand is Scotland.

China's oft-mentioned "luxury market" actually consists of two very distinct groups, argues columnist Nick Cakebread.

Debuting last month at the 2013 Geneva International Motor Show, the Chinese-Israeli auto brand Qoros has hit the ground running in advance of the official rollout of its 3 Sedan.

The 14-year old Chinese golfer who wowed the Master's tournament this weekend hopes his fame will promote golf in China, and it probably will for the country's high-net-worth individuals.

Following in the pioneering footsteps of Dong Liang, fellow Beijing-based indie fashion boutique Triple-Major (previously) has staked out its own bit of the Shanghai market with its cozy second location.