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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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  • By Cao Yin(China Daily)2017-10-17 07:35

    Further refinement of effort expected at upcoming CPC National Congress During the eight-day National Day holiday this month, a onetime imperial garden in downtown Beijing's Beihai Park received numerous visitors from home and abroad. "I've been to the park many times before, but it's my first time ...

  • (Xinhua)2017-09-23 11:33

    NEW YORK - Chinese luxury e-commerce company Secoo Holding Limited on Friday rang the Nasdaq Stock Market opening bell in celebration of its Initial Public Offerings (IPO). Secoo's IPO of 8,500,000 American depositary shares (ADSs) priced at $13 per ADS, within the pricing range of $11.5 to $13.5 gi...

  • By Fan Feifei(China Daily)2017-08-31 07:45

    JD Fashion and Alibaba's Pavilion site battle it out to showcase blue chip brands as they root out internet fakes Luxury labels are at the center of a new online battle between Chinese internet giants looking to cash in on the consumer craze for designer fashion. Big players such as JD.com Inc and A...

  • (Xinhua)2017-08-19 10:23

    BEIJING — For almost 30 years, Dong Qiaofeng has sold tahini, an essential for many cold Chinese dishes, noodles and hot pot, at Beijing's Sanyuanli Market. Until recently, her home-made sesame oil and tahini were the only things she sold, then she realized many of her customers were foreigners, w...

  • (Xinhua)2017-08-08 08:17

    Two women inspect a Breguet wrist watch inlaid with 706 diamonds, and priced 1.77 million yuan ($276,563). CHINA DAILYBEIJING - Sales of major luxury goods companies on the Chinese mainland and Hong Kong fell by 2.4 per cent year on year in the 2015 financial year, a report showed. According to an i...

  • By Xu Junqian In Shanghai(China Daily)2017-08-04 09:14

    Young urbanites, among the key drivers of China's consumption-driven economy, may not increase their total spending this year due to slowing economic growth and dimmer prospects for pay rises, according to a report by UK research firm Mintel. It found, however, that they were likely to be more gener...

  • By Evelyn Yu(China Daily)2017-07-31 07:44

    Homebuyers are locked into property management contracts. Evelyn Yu finds developers both sell and manage properties. Owners cannot exercise competitive tendering without 50 percent votes to remove the manager. Residents' share can fall below the 50-percent threshold within mixed-use complexes. The ...

  • By Xu Junqian In Shanghai(China Daily)2017-07-29 06:46

    HK-based firm dating back to 1865 has 10 properties in development pipeline for the mainland In an industry where acquisitions and mergers are happening more frequently than ever, with the approach being adopted by some of the biggest players, Langham Hospitality Group, with a history dating back to...

  • (chinadaily.com.cn)2017-07-27 15:55

    A man looks at a window display outside a Gucci store, part of the Kering group, at Tsim Sha Tsui shopping district in Hong Kong, China. [Photo/VCG]Luxury Consumer Price Index (LCPI) in China saw an accumulated rise of 81.7 percent over the past 10 years, more than doubling the growth rate of nation...

  • By Shi Jing In Shanghai(China Daily)2017-07-25 07:42

    Global luxury giant LVMH is embracing the digital age in China by providing online shopping services for its core brand Louis Vuitton. Starting from July 20, consumers can shop on Louis Vuitton's official Chinese website for all the products in the latest season, including handbags, shoes, ready-to-...

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