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The Luxury Consumer Price Index
The Luxury Consumer Price Index
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The Luxury Consumer Price Index was up 1.52 percent in 2012, the smallest gain in seven years. Among nine major categories including luxury property, vehicles, watches and jewels, tobacco and alcohol, education and tourism, prices of high-end tobacco and alcohol slumped the most in 2012, falling by 1.85 percent after having risen 7.84 percent in 2011.
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  • (China Daily)2017-03-17 08:15

    When asked about how the government will deal with ever-worsening smog at a news conference on Wednesday at the conclusion of the annual session of the National People's Congress, the top legislature, Premier Li Keqiang faced up to the severe environmental challenge China faces, saying the country s...

  • By Li You(China Daily)2017-03-16 07:41

    China's booming economy and the rising purchasing power of Chinese customers have resulted in the rapid expansion of the country's luxury goods market. Set against the backdrop of this expansion, experts have warned consumers about the risk of counterfeit products on the online secondhand luxury mar...

  • (chinadaily.com.cn)2017-03-08 13:50

    An Aventador S, Automobili Lamborghini's luxury automobile, is on display at the 87th Geneva International Motor Show in Switzerland, on Mar 7, 2017. [Photo/VCG]Hailed as one of the most important international auto shows in the world, the Geneva International Motor Show will open to the public on T...

  • By Li Fusheng(China Daily)2017-02-27 08:08

    BMW's i8 catches visitors' eyes at the Beijing Auto Show last year. PROVIDED TO CHINA DAILYSales figures fail to tell the story in rivalry among three premium carmakers, Li Fusheng reports.China is probably home to the most intense competition among premium carmakers, and this competition may reach ...

  • By Bloomberg(China Daily)2017-02-18 07:51

    Airbnb Inc bought Luxury Retreats in its biggest acquisition yet as the apartment-rental website takes steps toward becoming a full-service global travel company. Airbnb unveiled the acquisition of the Canadian manager of high-end rentals and services on Thursday, declining to disclose financial te...

  • By Song Jingli(chinadaily.com.cn)2017-02-10 15:53

    Zhou Ting, chief researcher at Fortune Character Institute. [Photo provided to chinadaily.com.cn]While global luxury giants might be breathing a sigh of relief with financial reports showing 2016 was a year of growth in China, but a research veteran tracking the industry for years remains concerned....

  • (Xinhua)2017-02-06 16:28

    A pedestrian walks past a Louis Vuitton shop in Fuzhou, Fujian province. [Photo/China Daily]BEIJING - China's recent recovery in luxury spending may boost sales of department-store operators and high-end retailers in the country, according to global ratings agency Fitch. Reports from international b...

  • By Cui Jia In Beijing And Xu Junqian In Shanghai(China Daily)2017-01-26 07:57

    While the streets of major Chinese cities start to empty as people return home for Spring Festival, businesses providing accommodations for left-behind pets are enjoying their busiest time of the year. For lots of people, securing a suitable temporary home for a pet - which many now treat as a famil...

  • (chinadaily.com.cn)2017-01-18 13:18

    A visitor smells the H. Moser Swiss Mad Watch at the Salon International de la Haute Horlogerie (SIHH) watch fair in Geneva, Switzerland, Jan 17, 2017. The watch case is made out of cheese. The exhibition, running from Jan 16 to 20, features the newest trends in fine watchmaking. [Photo/Agencies]A v...

  • By Song Jingli(chinadaily.com.cn)2017-01-18 06:58

    Some luxury brands began to advertise and even tried to sell products on WeChat, one of China's most popular instant messaging app in 2016, indicating increased input in digital development. Fortune Character Institute, a research agency which has tracked China's luxury consumption trends for years,...

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