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The China Edit | Hong Kong's Homegrown Talent, Rise of Domestic Shopper

This week, China looks to its homegrown talent in Hong Kong to drive the future growth of its fashion industry, and the owners of outlet park Bicester Village take a bet on growing demand from domestic Chinese consumers by opening a second outlet park.
Mainland tourists queue outside a luxury boutique in Hong Kong | Source: Flickr
By
  • Limei Hoang

"Home Grown Talent Is The Key To Rejuvenating Hong Kong's Fashion Industry" (South China Morning Post)
"The government's HK$500 million fund is enabling the city's up-and-coming designers to get their work seen abroad."

"Bicester Village's Luxury Expansion Into Shanghai Betting On The Rise Of The Domestic Chinese Shopper" (The Telegraph)
"Value Retail is now betting that the Chinese will skip a flight to London for Aquascutum coats or Milan for Furla handbags, and gain an appetite for shopping at home."

"Russia Welcomes Growing Wave of 'Red Tourists' From China" (Wall Street Journal)
"Nostalgia for Communist past as well as capitalist bargain-hunting draw more Chinese visitors."

"If China Cannot Beat Europe, It Will Acquire It" (Financial Times)
"There is no problem in Chinese companies buying abroad — but Beijing sets up big obstacles at home."

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"Study: Chinese Millennials Spend Big on Shopping Because They Live with Their Parents" (Jing Daily)
"Millennial Chinese consumers spend 14 percent of their incomes on non-food shopping, marking the highest rate in the Asia-Pacific region."

"Alipay Targets Chinese Tourists With US Payment Deals" (Reuters)
"The mobile payment giant is targeting the fast growing Chinese tourism market, which numbered 117 million travellers in 2014, according to the United Nations World Tourism Organisation, and is forecast to double by 2020."

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