default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

The China Edit | Millennial Spending Poses Debt Risk, Michael Jordan Scores Legal Win

Spending and borrowing by Chinese millennials poses a risk to China's fast-growing debt, and basketball player Michael Jordan scores a legal win for his Chinese name.  
Source: Shutterstock
By
  • Limei Hoang

"How Millennials are Changing the Way China Thinks About Money" (Reuters)
"While their spending and borrowing is an opportunity for lenders, brands and economic growth, it is also a risk as they add to China's fast-growing debt."

'Michael Jordan Scores China Legal Win for His Chinese Name" (Bloomberg)
"China's top court ruled that Hall-of-Fame basketball player Michael Jordan can have his name back."

"Weibo's Comeback Lures Luxury Brands" (Jing Daily)
"Things are starting to look up again for the platform ... In the past year ending in September, Weibo has seen its monthly average users grow 79 percent. Its growth rate is faster than WeChat and even Alibaba's e-commerce giant Taobao."

"China's First Tourist: How President Xi Jinping is Changing the Travel Industry" (CNN)
"As China's president during a time of unprecedented growth and change, Xi Jinping has guided a number of transformational initiatives. But few industries have felt his influence so profoundly as China's exploding domestic tourism sector."

"Alipay Expands Partnerships to Tap Chinese Travellers to Europe" (Reuters)
"The company, which has over 450 million active users in China, has sealed a number of successive foreign partnerships in the past two months, hoping to capture the growing market of Chinese consumers traveling abroad."

"How Chinese Consumers Reacted to Dragons on the Runway at the Victoria's Secret Fashion Show" (Jing Daily)
"The brand's additional attempts to woo Chinese consumers through dragon-themed outfits were called "racist" in a since-deleted English-language article on Cosmopolitan."

© 2022 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from China
Go inside the opaque giant that accounts for one-third of global luxury sales.

Mainland shoppers have flocked to local tourism hubs like Macau and Hainan over Chinese New Year and are expected to visit Asian destinations like Thailand and Singapore before returning in droves to European fashion capitals later this year.


Beijing’s Covid-19 policy shift will give the sector a boost in 2023 but a surge in infections and sluggish economic growth could dampen the recovery after an uplift from Chinese New Year.




view more

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
How to Build a Profitable DTC Brand
© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
How to Build a Profitable DTC Brand