CHINA TOPIX

11/05/2024 12:43:08 am

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luxury goods

China's Luxury Goods Industry On its Way to a Profitable Future

China's Luxury Goods Industry set for Profitable Future: Experts

High-end retailers, investors, and industry insiders have been unanimous in saying that China's luxury goods industry is still well on its way to profitability despite losses it incurred for the second year in a row in 2015.

Chinese Civil Servant Pleads Guilty to 7 Million Yuan Fraud

Chinese Civil Servant Pleads Guilty to 7 Million Yuan Fraud

A government employee in southwestern China has pleaded guilty of embezzling 6 million yuan (HK$7.14 million) - half of which she spent on luxury items and cosmetic surgery.

Chinese Shoppers Buy Almost Half of World's Luxury Goods

Chinese Shoppers Buy Almost Half of World's Luxury Goods in 2015

Chinese consumers made up almost half of the world's buyers of luxury goods in 2015, spending a whopping 1.2 trillion yuan ($184 billion) overseas.

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