China’s Gen Z splashes out on luxury, with little regard for debt

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Generation Z, born from 1995-2010, reportedly buys 15% of all luxury goods sold in China, compared with a worldwide average of 10%.

Jetzt entdecken! Wie man mit Investition von 250€Mocking jubilation on Chinese social media as Chanel loses trademark dispute to Huawei

The Chinese public is crowing on social media after French fashion brand Chanel lost a trademark dispute to telecommunications giant Huawei Technologies this week.The dispute was over an application filed by Huawei to the European Union Intellectual Property Office to register a trademark for a brand for computer hardware featuring two vertical interlocking semi-circles, similar to the iconic Chanel logo.

Veteran primary school teacher Eva* will be leaving Hong Kong with her husband and child by summer to start a new life in Britain. Changes in the city’s education scene since Beijing imposed a sweeping national security law on Hong Kong last June prompted the family’s decision to move. “My husband and I originally planned to send our child overseas while we continued working in Hong Kong, or maybe I would retire early and accompany our child there,” said Eva, whose child is in primary school.

 

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