Despite fears of a global recession and specters of a trade war, the luxury goods industry has had a positive year. While the broader industry prospers, the handful of luxury brands with Chinese parents is facing greater uncertainty.
Beijing’s recent decision to crack down on activities of Chinese insurance companies could push insurers toward riskier asset investments and create a liquidity crunch within the industry.
Luxury shopping is back in vogue in China, with sales growth increasing year-over-year for the first time since sales stalled after Chinese communist leader Xi Jinping began its anti-corruption campaign in 2013.
Whether China’s ambitious One Belt, One Road project can succeed will have huge ramifications within the Chinese banking system and economic well-beings of several regions.
Despite Beijing’s stance on regulating mobile app stores, the environment and fragmentation of the market makes it almost impossible to enforce the new measures.
Oppo and Vivo, two little-known companies in the West, have come to dominate the Chinese smartphone market using seemingly antiquated marketing strategies.