Chinese Whispers: why the Chinese love luxury goods

<div>It's said that Bicester Village is the second most popular attraction for Chinese tourists in the UK, coming just behind Buckingham Palace. The pandemic recovery figures show much the same - while retail is still struggling to recover, luxury goods sales is leading the bounceback. In this episode, I find out why the Chinese love luxury goods just so much. My guests tell me about why Chanel just doesn't cut it anymore for the most fashionable housewives of Beijing; how President Xi's anti-corruption drive recalibrated wealth flaunting among the elite; and why fashionistas are leaving Beijing for Shanghai.<br><br>With Sara Jane Ho, founder of the Chinese finishing school, Institute Sarita; and Gregory Cole, co-founder of the consultancy firm CDGL.<br><br>Presented by Cindy Yu.</div> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>