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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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  • (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-...

  • (chinadaily.com.cn)2017-07-13 15:08

    People walk past a shop of British luxury brand Burberry at the Bahnhofstrasse in Zurich, Switzerland July 12, 2017.[Photo/Agencies]British luxury brand Burberry reported retail revenue of 478 million pounds ($613 million) during the quarter ending June 30, up 3 percent year-on-year.Driven by this b...

  • By Simon Webster(China Daily)2017-07-08 07:32

    Metrojet CEO Bjorn Naf gives an inside look at owning and operating your own private jet It's the frazzled air traveler's ultimate dream - you pull up to a private VIP terminal in your limo, speed through passport control and customs, and within minutes sink into the comfort of your leather armchair...

  • (Xinhua)2017-06-26 08:00

    Colored material made from Alcantara SpA fabric on display at the Aircraft Interiors Expo in Hamburg, Germany, in April 2017. [Photo/Agencies]BEIJING-Chinese consumers are becoming increasingly sophisticated and brand-savvy, underpinning a fast-growing market for luxury products, according to an I...

  • (China Daily)2017-06-26 07:30

    BEIJING - Chinese consumers are becoming increasingly sophisticated and brand-savvy, underpinning a fast-growing market for luxury products, according to an Italian luxury material manufacturer. "The Chinese consumer market is promising not only because of its volume but also because local consumers...

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