news, info and updates related to developments in China's luxury sector and outbound tourism & investment. this page maintained by Christine Lu and Marcus Treamer
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www.washingtonpost.com
BEIJING -- China's state-owned banks have become a main engine of the global recovery, financing the construction of copper mines, purchase of airplanes, expansion of retail stores and other projects even as their U.S. and European counterparts scale back lending.
seekingalpha.com
China's real estate market, built almost entirely on speculative demand, is a reflated bubble. When it pops, it could trigger a global rout in both speculative equities and real estate.
www.cnbc.com
Maybe it's because the Chinese are new to the auto game. Maybe it's because Americans automatically think, "we invented the car business and nobody can do it better than us." Or maybe it's because ...
www.google.com
CHENGDU, China — Minivan salesman Zhu Yi has a problem that most auto dealers elsewhere would happily swap for their own — he doesn't have enough vehicles to satisfy customer demand.
online.wsj.com
Across the globe, economic and political liberalization reached critical mass in recent years.
China Luxury & Outbound Tourism and Investment Asia has led the world out of the global economic downturn thanks in part to a welcome burst of consumer consumption. It appears the spending spree will continue into 2010.
online.wsj.com
Asia has led the world out of the global economic downturn thanks in part to a welcome burst of consumer consumption. It appears the spending spree will continue into 2010.
China Luxury & Outbound Tourism and Investment interesting model. wonder how well it'll work.
www.globalatlanta.com
Ken Stewart, commissioner of Georgia's economic development department, right, signs a cooperation agreement with Yuan Yajie, vice chairman of Hubei province's department of commerce.
www.forbes.com
China's PCD Stores soars on Hong Kong debut on luxury sales hopes
www.time.com
When Fernando Chui officially takes over Macau on the 10th anniversary of Portugal's handover of its tiny holding to China, he will be the new leader of the world's most lucrative gambling hub. But can the region's winning streak continue?
China Luxury & Outbound Tourism and Investment "Chinese stars poised to become household names" With a tide of talent flowing from the east, we have selected 10 powerful business figures who will make a difference
business.timesonline.co.uk
In the late 18th century, China was probably the biggest economy on earth. When British envoys came to plead for trade, the Emperor Qianlong dismissed them grandly.
China Luxury & Outbound Tourism and Investment "A recent US Department of Commerce report estimated that Chinese tourists spend, on average, $7,200 per trip to the US."
www.chinadaily.com.cn
While people in western countries are tightening their belts to survive the economic slump this winter, affluent Beijingers are packing their cases for New Year shopping holidays abroad.
www.bloomberg.com
[bn:WBTKR=BMW:GY] Bayerische Motoren Werke AG [], the world’s biggest maker of luxury cars, and [bn:WBTKR=VOW:GY] Volkswagen AG’s [] Audi premium division reported November sales gains as China’s auto market almost doubled because of government incentives.
China Luxury & Outbound Tourism and Investment
"For Prada, Gucci, Cartier and the
world's other makers of luxury goods, China has become the great hope
of salvation - the one place in the world where sales are increasing,
rather than declining."
www.theglobeandmail.com
As its roster of millionaires and billionaires continues to grow, China expected to be top buyer of high-end goods in next five years
China Luxury & Outbound Tourism and Investment Club Med moves upmarket strategy into China
www.reuters.com
* Fiscal 2009 net loss 53 mln eur vs yr-ago profit 2 mln * Thomson Reuters I/B/E/S poll avg 40 mln eur loss * Secures 120 mln eur credit line through Dec 2012 * To open holiday villages in China
China Luxury & Outbound Tourism and Investment
"Every year the number of
Asians travelling through Europe with a Eurail Pass continues to grow and the
number of Chinese travellers increased by a staggering 25% in 2008."
