British companies are diving deeper into the Chinese mainland’s high-end market. According to the Chinese mainland's Ministry of Commerce, British investments in the region surged by 81% year-on-year in 2023. 💼📈
A recent report by CITIC Prudential Life Insurance revealed that the number of Chinese families with net assets exceeding 10 million yuan ($1.4 million) surpassed 2 million in 2023. This burgeoning wealth is fueling demand for luxury goods and exclusive services.
In a bold move, the 175-year-old department store Harrods has teamed up with renowned Michelin-starred chef Gordon Ramsay to launch a new private members' club. This collaboration aims to cater to China's affluent clientele, offering a blend of world-class shopping and gourmet dining experiences. 🍽️🛍️
