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Exploring China’s Luxury Market: Emerging Trends and Future Prospects

2024-11-14
China’s luxury market is a significant player on the global stage, valued at approximately US$57 billion annually. This market is driven by a mix of domestic and international purchases, with platforms like DeWu offering substantial discounts of 20 percent to over 50 percent on luxury products sourced from abroad. Emerging trends indicate a growing preference for second-hand and grey markets as consumers seek more affordable options amid price increases from luxury brands. This shift raises concerns for companies like LVMH, which recently reported a 3 percent decline in quarterly sales, marking its first downturn since the pandemic, largely due to weakening demand in China and Japan.
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India Briefing

Apple’s Manufacturing Shift: Emerging Investment Opportunities in India’s Electronics and Supply Chain

11/13/2024

Apple and its suppliers aim to reach 32 percent of global iPhone manufacturing and 26 percent of their production value in India by 2026-27. We examine the implications for future foreign investment opportunities as India advances its electronics supply chain and aims for greater integration into global value chains.

Middle East Briefing

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Vietnam Briefing

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ASEAN Briefing

Understanding the 13th Month Pay and Christmas Bonuses in the Philippines

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In the Philippines, the 13th-month pay is a highly anticipated benefit that many workers depend on to close out the year. Mandated by law, it provides much-needed financial support during the holiday season. However, while the 13th-month pay is legally required, Christmas bonuses are optional and at the employer’s discretion.

China Briefing

Navigating China-Uzbekistan Investment and Trade Opportunities

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As an important country along the ancient Silk Road and the new Silk Road Economic Belt, Uzbekistan was the first among the five Central Asian countries to establish formal diplomatic relations with China. Over the past 20 years since the establishment of diplomatic ties, bilateral cooperation in various fields between Uzbekistan and China has been advancing smoothly.

Middle East Briefing

Asia-Middle East Investment Dynamic Poised to Reshape Global Capital Flows, Says HSBC

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The financial dynamics between Asia and Middle East are undergoing a significant transformation, potentially reshaping global capital flows. A recent report by HSBC highlights that Asia and the Middle East and Africa (MEA) are at the forefront of this change, driven by robust capital spending in the Gulf Cooperation Council (GCC) region and a surge in domestic investments, financial market evolution, and active private markets.

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New Employment Pass Salary Requirements in Singapore: How Businesses Can Prepare

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China

Exploring China’s Luxury Market: Emerging Trends and Future Prospects

11/14/2024

China, a key market for luxury goods, is driven by a growing middle class and affluent consumers. However, economic uncertainties and shifting trends require brands to adapt strategically.

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India

Apple’s Manufacturing Shift: Emerging Investment Opportunities in India's Electronics and Supply Chain

11/13/2024

Apple and its suppliers target 32% of global iPhone production and 26% of its value in India by 2026-27. We explore the implications for foreign investment as India strengthens its electronics supply chain and seeks global value chain integration.

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Vietnam

Stuck in Vietnam? A Guide to Exit Delays Over Tax Obligations

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We examine the reasons authorities may temporarily restrict individuals from exiting Vietnam due to tax debts and outline key steps to help avoid these situations.

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Middle East

Middle East Briefing

Investing in Oman's Education Sector: A Growing Opportunity

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Oman's education sector is evolving rapidly, presenting investment opportunities for foreign investors and local entrepreneurs.

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