Luxury Daily
The authority in luxury news.
Dec. 13, 2025
  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. 85pc of recent, pending Gen Z car buyers considering luxury vehicle purchase: report
  6. US lowers tariff on Swiss imports to 15pc
  7. Diptyque plays with the surreal in holiday tale
  8. Off the Cuff: A Q&A with Boucheron's Hélène Poulit-Duquesne
  9. Valentino welcomes actress Dakota Johnson as global brand ambassador
  10. Armani Beauty appoints actor Keith Powers as global fragrance ambassador
Comment
  • Email
  • Print
  • Reprints
  • ARTICLE TOOLS SPONSOR

Government

Chinese President Xi’s pledge at Congress means getting rich quick is out. Should luxury worry?

October 24, 2022

The 20th National Congress explicitly calls for more corrective measures to govern income distribution and wealth accumulation for the first time. Should the luxury sector be alarmed? Image credit: Xinhua The 20th National Congress explicitly calls for more corrective measures to govern income distribution and wealth accumulation for the first time. Should the luxury sector be alarmed? Image credit: Xinhua

 

By Zihao Liu

To read the entire article, please subscribe or
 
LATEST HEADLINES
MOST POPULAR
  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. 85pc of recent, pending Gen Z car buyers considering luxury vehicle purchase: report
  6. US lowers tariff on Swiss imports to 15pc
  7. Diptyque plays with the surreal in holiday tale
  8. Off the Cuff: A Q&A with Boucheron's Hélène Poulit-Duquesne
  9. Valentino welcomes actress Dakota Johnson as global brand ambassador
  10. Armani Beauty appoints actor Keith Powers as global fragrance ambassador
VIDEOS
More Videos

MORE IN Government
US lowers tariff on Swiss imports to 15pc
Armani faces $4M fine from Italian Competition Authority
Loro Piana faces judicial labor probe
Aston Martin employs newly-earned Royal Warrant
The legalities of online customer reviews for luxury brands
Prada, climate artist Enzo Barracco spark conversation on stage



RECENT ARTICLES
Viceroy Hotels installs next chief executive
Bugatti assembles owners for seasonal gathering in Molsheim
85pc of recent, pending Gen Z car buyers considering luxury vehicle purchase: report

Showcasing flagship, Brioni starts fresh on Rue Saint-Honoré
US lowers tariff on Swiss imports to 15pc
Mercedes-Benz locks in with WTA as exclusive automobile partner