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New Business

China’s high-end rental market struggles post-Covid amid dwindling expats, firms

More than two years after China’s stringent Covid-19 lockdowns triggered an exodus of international businesses and expatriates, the country’s high-end…

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New Business

Gucci, Prada close more China outlets as consumers cut luxury spending

Global luxury retailers are hastening their retreat from China by shutting stores in high-end shopping malls across major mainland cities,…

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New Business

More than half of mainland Chinese luxury consumers plan to increase spending: report

More than half of luxury consumers in mainland China plan to increase spending on such items over the next 12…

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