The China Edit | Tax Change Threatens Grey Market, Jet-Set Demand Cools, Reebonz

"China's Grey Luxury Market Threatened by New Tax Regime" (Reuters)
"China is raising fees on packages ordered from abroad and cracking down on smugglers who carry in suitcases full of luxury goods, in a concerted effort to encourage shopping at home and squeeze a grey market that shoppers use to avoid tax."

"Versace to Bottega Court Local Shoppers as Jet-Set Demand Cools" (Bloomberg)
"The European and U.S. economies remain subdued and Chinese consumers are still spending overseas on 'anything that isn't jewelry or watches.'"

"This Singapore Start-Up Is Betting on More Luxury Consumption" (CNBC)
"Daniel Lim, one of the co-founders of Reebonz, said the 'aspirational middle class' — particularly in Asia — will underpin demand for personal luxury products."

"Eyes of the Beholder: Beauty Varies for China Models" (Yahoo Style)
"'There are big differences between eastern and western aesthetics.'"