The fashion house Hermès broke its own rules this week when it was forced to hold a discount sale for the first time ever in China as a result of excess unsold inventory. The low sales in the luxury retail store have been attributed to the Chinese government’s ongoing anti-extravagance campaign as part of Xi Jinping’s highly touted war against corruption in the country.
Sponsors
Latest China News
- I Have A PRC National Spouse Resident On The Mainland – Can She Get A Dependant Visa For Hong Kong?
- Long Term Business Visit To Hong Kong – Do I Need An Employment Visa?
- Chip dreams: As Taipei takes a short step forward, Delhi assures a smooth long road
- I Lived In Hong Kong For 11 Years – And Have Been Gone For The Last 7 – Can I Still Get Permanent Residency?
- Asian Stocks to Fall as Chip Selloff Gains Steam: Markets Wrap