On the heels of customs agents in Hong Kong and Mainland China confiscating HK$120 million ($15.5 million) worth of luxury goods in a headline-making raid
Luxury brands keeping a wary eye on Hainan
May 27, 2021
Discussion at the latest APAC Dialogue webinar looked at how luxury brands are managing the opportunity in travel retail’s hottest market
Hainan is set to dominate travel retail for years to come, but luxury brands are choosing their moment to commit to the location.
This was the general consensus at the latest
APAC Dialogue from
China, and Hainan in particular,
APTRA President Sunil Tuli said: “This is a market that will dominate travel retail for a long time to come.”
But, he added: “Luxury brands have voiced concerns over maintaining brands’ integrity.”
Despite New CDC Guidelines, LA Asks People to Keep Wearing Masks
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LA Times names its restaurant of the year, a new sign for Afuri Ramen, and a new Mr Fries Man in LBC
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Last Thursday, the US Centers For Disease Control and Prevention announced that fully vaccinated Americans can stop wearing masks and no longer worry about social distancing. In Los Angeles, county officials are still reviewing whether to ditch face coverings. But for now, masks are still required if entering any LA County business or a crowded indoor area.
The California Department of Public Health and LA County officials are reviewing the federal guidelines, but have not issued any changes since the CDC’s announcement. It’s a technical issue really, as California counties cannot make changes until the state does so first.
Island province to use FTP status for more global reach Xinhua | Updated: 2021-05-12 09:27 Share CLOSE A yacht on display at the China International Consumer Products Expo in Haikou, Hainan province, on Friday. [Photo by Zhang Wei/China Daily]
China s further opening-up efforts, COVID recovery highlighted in expo
HAIKOU－As comprehensive reforms are being deepened and high-level opening-up policies are being put in place, China s southern island province of Hainan is transforming itself into a free trade port for the world.
Last June, China released a master plan to build the island into a globally influential and high-level free trade port by the middle of the century. The China International Consumer Products Expo is the latest testament to China s opening-up commitment.
Against the backdrop of a rampant pandemic and battered world economy, the China International Consumer Products Expo (CICPE) has become a new platform to demonstrate China s willingness to share its market opportunities with the world and contribute to global economic recovery and growth.
The four-day expo, the first-ever focusing on consumer goods held by China, concluded Monday in the southern island province of Hainan.
A total of 70 countries and regions attended the expo, which attracted 2,628 brands of 1,505 enterprises from home and abroad and more than 240,000 visitors.
The expo covers 80,000 square meters, including 60,000 square meters of international exhibition space featuring products including watches, cosmetics, jewelry, automobiles, yachts, clothing, consumer electronics, food and health products of leading brands.