© Provided by Xinhua HAIKOU, Feb. 17 (Xinhua) Recent reports suggest that China luxury market is expected to usher in a rapid recovery in 2023, fuel
K11, a subsidiary of New World Development, said it plans to build 21 new projects nationwide by fiscal 2026, with a business focus on the Guangdong-Hong Kong-Macao Greater Bay Area, as the company is bullish on the growth potential of consumer spending.
International luxury brands have debuted limited editions of products specially tailored for China ahead of Qixi Festival, or Chinese Valentine s Day, on Thursday, to attract more Chinese consumers and make further investments in the country in line with localization strategies.
MIL-OSI China: Qixi Festival proves a luxury luau | ForeignAffairs.co.nz foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
Buoyed by the free trade port under construction and business-friendly events, Hainan has emerged as a bright spot on the global consumption map, creating a sizable market for luxury goods－and top brands are keen to exploit the opportunity to further tap into the China market, business leaders said.