The real housewives of Beijing: why the Chinese love luxury goods
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. With Sara Jane Ho, founder of the Chinese finishing school, Institute Sarita; and Gregory Cole, co-founder of the consultancy firm CDGL. Presented by Cindy Yu.