The Hermes store in Beijing. (Tomohiro Ohsumi/Bloomberg)

What’s Behind China’s Luxury Slowdown? Look To Several Factors

As the growth of China's luxury market moves into single digits, those searching for a single cause ...
Moutai profit growth has dropped significantly over the past year.

More Bad News For Baijiu As Bottle Prices Drop

Amidst the continuing crackdown on banquet and gifting culture, recent Chinese news reports that Mou...
The Chinese government is working hard to convince the public that it will no longer tolerate taxpayer money going to lavish banquets. (Global Post)

People’s Daily Issues Front-Page Directive Against “Low-Profile Luxury”

The Chinese government continues its crackdown on lavish official banquets, this time with a front-p...
Xi Jinping is pursuing heavy measures to crack down on luxury consumption by officials.

China’s Attack on Hedonism A Mixed Blessing for Luxury Brands

Among watchers of global luxury industries, few issues are more hotly debated today than China’s o...
Diageo built up a stake in the owner of the Shui Jing Fang brand in 2011

Baijiu Brands Turn Hopeful Eye Toward Overseas Chinese

Looking to recoup domestic revenues lost to Beijing’s ongoing anti-luxury crackdown, some makers o...
Tough times for high-end caterers in China

Beijing’s Frugality Campaign Hits High-End Restaurants

It's not just makers of high-priced baijiu that are taking a hit from Beijing's ongoing frugality ca...
Diageo built up a stake in the owner of the Shui Jing Fang brand in 2011

Whisky Soars, Baijiu Droops In Wake Of Beijing’s Frugality Campaign

Though makers of high-end baijiu have reportedly been hit hard by Beijing's ongoing frugality campai...
French imports dominate the high end of the wine market in China

Baijiu Sinks, Wine Booms In Second-Tier Wuhan

The Chinese government's ongoing crackdown on officials spending public money on high-priced liquor ...
Moutai from the 1950s is particularly sought-after by Chinese collectors

Luxury Gift-Giving In China: Down, But Definitely Not Out

We've previously noted the changing dynamics of China's culture of gift-giving, hastened by Beijing'...
Wuliangye and Moutai are two of China's top spirits brands

Ganbei! Demand For High-End Spirits Buoys Chinese Producers

Though they may privately fret about the potential effects of Beijing's current clampdown on public ...