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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 Fan Feifei(China Daily)2017-06-23 09:33

    JD.com Inc, China's second-largest e-commerce player, said it will invest $397 million in London-based online fashion retailer Farfetch UK Ltd to further penetrate the luxury sector, amid fierce competition with Alibaba Group Holding Ltd. JD will become one of the largest shareholders of the UK firm...

  • (english.cctv.com)2017-06-22 10:11

    A Vertu Aster luxury smartphone sits on a table. [Photo/VCG]Vertu, one of the world's leading manufacturers of luxury mobile phones, has announced that it has signed an agreement with TCL Communication.This is the first agreement signed by Vertu since the company was purchased by entrepreneur Hakan ...

  • By Yang Yang(chinadaily.com.cn)2017-06-14 10:58

    He Hongzhi, owner of a luxury car-washing shop, washes a car in Chengdu, capital of Southwest China's Sichuan province, on June 10, 2017. [Photo by Wang Xiao from Chengdu Business Daily/VCG]He Hongzhi, a car enthusiast, has found huge business opportunities in the luxury car-washing industry in Chen...

  • (chinadaily.com.cn)2017-06-14 06:44

    The latest report by Boston Consulting Group has revealed China remains the biggest driver in the world's luxury market, despite the country's economic slowdown.According to the report, True-Luxury Global Consumer Insight, China ranked on top, as the result of an increased appetite for luxury consum...

  • By Sun Yuanqing(China Daily)2017-06-10 07:24

    When the representative of a venerable Italian brand crossed paths with a star, he knew he had struck pay dirt When Bulgari, the 133-year-old Italian jewelry brand, chose the Chinese singer and actor Kris Wu as its spokesman last year, questions were raised about how exactly this chemistry would wor...

  • (China Daily)2017-06-03 06:49

    The benefits Chinese employers offer their employees have changed over the years. In 1986, employees at a State-owned enterprise got free vegetables at their office in Xi'an, Shaanxi province, at a time when vegetables were coveted food items. In 2012, 12 employees of a software company in Qingdao, ...

  • By Sun Yuanqing(China Daily)2017-05-26 07:03

    Celebrities and internet personalities often have a dramatic influence on the consumption patterns of Chinese fashionistas. A good example is the Italian luxury-bag and accessories brand Valextra. It was relatively unknown before it opened its first China store in Shanghai in January. But within eig...

  • (chinadaily.com.cn)2017-05-19 14:27

    A 15-floor vending machine aimed at selling luxury cars is seen in Singapore, May 15, 2017. Up to 60 cars can be displayed in the building, which uses a fish-bone lift system to deliver cars to clients within minutes. [Photo/Agencies]Luxury car brands including Bentley, Ferrari and Lamborghini are o...

  • (Xinhua)2017-05-05 09:40

    Attendees visit the General Motors Co (GM) Cadillac booth at the Auto Shanghai 2017 vehicle show in Shanghai, April 20, 2017. [Photo/VCG]CHICAGO - General Motors (GM) announced on its website Thursday that the US automaker and its joint ventures in China sold 272,770 vehicles in China in April this ...

  • (Xinhua)2017-05-02 11:21

    BEIJING - China's consumer inflation is expected to pick up in April due to rising non-food prices and a low base for the same period a year ago, according to a report of the Bank of Communications. The bank forecast the official consumer price index (CPI), a main gauge of inflation, will have grown...

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