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Dec. 13, 2025
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Government

Is China’s “Common Prosperity” plan good or bad for luxury?

August 25, 2021

President Xi Jinping is pushing “common prosperity” to help support China’s middle class. But can this agenda benefit luxury in the long term? Image credit: Shutterstock President Xi Jinping is pushing “common prosperity” to help support China’s middle class. But can this agenda benefit luxury in the long term? Image credit: Shutterstock

 

By Adina-Laura Achim

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  1. Sephora introduces new concept for SEPHORiA 2026
  2. Bugatti assembles owners for seasonal gathering in Molsheim
  3. Luxury Unfiltered: The luxury market will lose the middle ground in 2026
  4. Viceroy Hotels installs next chief executive
  5. Luxury Women to Watch 2017
  6. 85pc of recent, pending Gen Z car buyers considering luxury vehicle purchase: report
  7. US lowers tariff on Swiss imports to 15pc
  8. Actress Chase Infiniti accepts Louis Vuitton ambassador role
  9. Mercedes-Benz locks in with WTA as exclusive automobile partner
  10. Diptyque plays with the surreal in holiday tale
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