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Government

China denounces money worship to luxury’s chagrin

November 17, 2021

The Chinese Communist Party recently denounced the country’s money worship, extreme individualism, and corruption. But will that affect luxury there? Image credit: Shutterstock The Chinese Communist Party recently denounced the country’s money worship, extreme individualism, and corruption. But will that affect luxury there? Image credit: Shutterstock

 

By Adina-Laura Achim

According to a document published by People’s Daily, The Chinese Communist Party (CCP) recently denounced the “money worship, extreme individualism,” and corruption it says has blossomed since the country opened 40 years ago.

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  1. Luxury and NFTs: what happens if the bubble bursts?
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  3. Salvatore Ferragamo renews an icon in sensual campaign
  4. Networking, honesty are cornerstones for successful luxury realtors
  5. What do differing NFT strategies mean for luxury?
  6. What the lockdown means for China’s travel plans
  7. Prada reinterprets sneaker through artistic lens
  8. Tag Heuer accepts crypto as payment in US
  9. W magazine enhances print’s fixed plane via September issue AR activation
  10. Fendi announces new store in Greece
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