Tag Archives: luxury

Cross-Post: China, “Green” Tradition and Luxury

13 May

Before we dive further into ways that Chinese relate to their more immediate environment – my tagline is “how to truly live in this world” for  a reason – a pointer to one continuation of my discussion of luxury consumers in China, over at “The Ecology of Happiness:” China, “Green” Tradition and Luxury What could [...]

The What and Why of Brands in China

12 May

China’s luxury consumption is in the news. A lot. In all the celebration of chances for sales growth (with maybe a bit of puzzlement over a still-developing country’s citizens having to have goods that middle-class “Westerners” would find too, well, luxurious), consideration of what (luxury) brands mean to Chinese is rather lacking. Even as I’ve [...]

Conspicuously Hidden Consumption

9 May

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A lot of talk about luxury and/or middle-class consumers in China is about their conspicuous status consumption. The “I Buy, Therefore I Am” of China’s better-off… There’s something to wonder, though. If the middle class is the main driver of luxury consumption, and a quarter of the population, then the majority of said consumption in [...]

Luxury Shoppers – The Far Side of Chinese Society?

5 May

Not only has China become the world’s second-largest economy in terms of GDP, this country of famously high household savings rates has also become the world’s second-largest market for luxury goods. Hot on the heels of the Japanese, who were avid buyers of luxury brand goods during the heyday of their economy, and continued to [...]

China’s “Odd” Markets–The Cultural Economy of Luxury

22 Apr

Housing prices in China can make Manhattan seem attractive; prices for antiques and artworks (let alone antique works of art) have gone through the roof; the country is quickly becoming one of the largest markets for luxury goods. In all of those notable cases, China simply seems odd. Housing that costs several times the average [...]