{"id":46636,"date":"2024-10-28T01:49:29","date_gmt":"2024-10-28T01:49:29","guid":{"rendered":"https:\/\/www.aplf.com\/2024\/10\/28\/china-not-all-bad-news-for-luxury-brands\/"},"modified":"2024-10-28T01:49:41","modified_gmt":"2024-10-28T01:49:41","slug":"china-not-all-bad-news-for-luxury-brands","status":"publish","type":"post","link":"https:\/\/www.aplf.com\/zh-hant\/2024\/10\/28\/china-not-all-bad-news-for-luxury-brands\/","title":{"rendered":"China: not all bad news for luxury brands"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"46636\" data-post-id=\"46636\" data-obj-id=\"46636\" class=\"elementor elementor-46636 dce-elementor-post-46636 elementor-46619\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-372d15d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"372d15d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-865f172\" data-id=\"865f172\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-35eab76 elementor-widget elementor-widget-text-editor\" data-id=\"35eab76\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\">28 October 2024<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23791b0 elementor-widget elementor-widget-heading\" data-id=\"23791b0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">China: not all bad news for luxury brands<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7734dbf elementor-widget elementor-widget-image\" data-id=\"7734dbf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"600\" height=\"431\" src=\"https:\/\/www.aplf.com\/wp-content\/uploads\/2024\/10\/image-15.jpg\" class=\"attachment-full size-full wp-image-46622\" alt=\"\" srcset=\"https:\/\/www.aplf.com\/wp-content\/uploads\/2024\/10\/image-15.jpg 600w, https:\/\/www.aplf.com\/wp-content\/uploads\/2024\/10\/image-15-500x359.jpg 500w\" sizes=\"(max-width: 600px) 100vw, 600px\" style=\"width:100%;height:71.83%;max-width:600px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78b3c82 elementor-widget elementor-widget-text-editor\" data-id=\"78b3c82\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #008080;\">Image shows a newly opened Herm\u00e8s store in Shenzhen, the brand\u2019s largest in southern China.<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3baaeb8 elementor-widget elementor-widget-text-editor\" data-id=\"3baaeb8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Analysts from Boston Consulting Group (BCG) have said 2024 is proving to be a problematic year for luxury brands in China, but have insisted that not all the news is negative from the point of view of high-end products. By <a href=\"https:\/\/leatherbiz.com\/\" target=\"_blank\" rel=\"noopener\">Leatherbiz<\/a>.<\/p>\n<p>Milan-based senior partner Filippo Bianchi, who focuses on the luxury sector, has told business newspaper Il Sole 24 Ore that BCG is expecting a double-digit decline for the industry in China this year compared to 2023.<\/p>\n<p>But he made two points that are more encouraging for brands. The first is that higher earners in China are making shopping trips to South Korea, Japan, Singapore and other nearby destinations where luxury brands have a good presence.<\/p>\n<p>Mr Bianchi said a triple-digit increase in Chinese shoppers\u2019 spend on luxury goods in those places is a possibility this year.<\/p>\n<p>The second point is that, while there is an ongoing contraction in spending in China on what BCG calls \u201caspirational products\u201d, the value of acquisitions by consumers that it refers to as \u201chigh-spenders\u201d is up by 15%.<\/p>\n<p>According to Filippo Bianchi, said these high-worth consumers are concentrating on products that they perceive to be long-lasting and to be capable of holding their value over a long product lifetime.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>28 October 2024 China: not all bad news for luxury bran&hellip; <a class=\"more-link\" href=\"https:\/\/www.aplf.com\/zh-hant\/2024\/10\/28\/china-not-all-bad-news-for-luxury-brands\/\">\u95b1\u8b80\u5168\u6587 <span class=\"screen-reader-text\">China: not all bad news for luxury brands<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":46622,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-46636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news-tc","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China: not all bad news for luxury brands - APLF Limited<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aplf.com\/zh-hant\/2024\/10\/28\/china-not-all-bad-news-for-luxury-brands\/\" \/>\n<meta property=\"og:locale\" content=\"zh_TW\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China: not all bad news for luxury brands - APLF Limited\" \/>\n<meta property=\"og:description\" content=\"28 October 2024 China: not all bad news for luxury bran&hellip; 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