Xinhua
20 Jan 2022, 11:44 GMT+10
HAIKOU, Jan. 20 (Xinhua) -- As the Chinese Lunar New Year approaches, global luxury brands are launching limited edition products to welcome the Year of the Tiger.
Most of the limited edition items highlight the image of the tiger, one of the 12 Chinese Zodiac animals, and some others feature Chinese elements like the color red and Peking Opera.
At the duty-free stores in south China's island province of Hainan, tiger elements and red can be seen almost everywhere. In these stores, limited edition luxury Lunar New Year items are a big hit, covering cosmetics, clothing, bags, watches, and wine, among others.
"For the upcoming Year of the Tiger, Armani has launched limited edition products including jackets and woolen sweaters, which are selling well," said Yang Qiulin, a salesman of Emporio Armani in a duty-free store in Haikou, capital of Hainan.
The stock of down jackets has already started to dwindle after hitting the shelves only a few days ago, he added.
Li Chao, a tourist from east China's Zhejiang Province, bought a limited edition eye cream with red packaging featuring a tiger at the Estee Lauder counter.
"It looks very festive, and conveys a feeling of the Chinese Spring Festival," she said, noting that the launching of limited editions will meet the demands of Chinese consumers.
China is an increasingly important market for global luxury brands, especially when they suffered unprecedented difficulties due to the pandemic.
The Bain & Company Luxury Study 2021 showed that since 2019, the Chinese mainland's share of the global market has almost doubled, reaching 60 billion euros in 2021.
Zodiac elements are an important part of traditional Chinese culture. The deep exploration of Chinese traditional culture by international luxury brands reflects that they try to cater to Chinese consumers' demand and integrate into the huge Chinese market, said Liu Feng, a researcher with Hainan Normal University.
The duty-free market is an important market for luxury goods consumption. Hainan reported 49.5 billion yuan (7.8 billion U.S. dollars) of offshore duty-free shopping in 2021, up 80 percent year on year.
More than 81 million domestic and overseas tourists visited Hainan in 2021, up 25.5 percent year on year, data shows.
China aims to build Hainan into an international tourism and consumption center by 2025 and a globally influential tourism and consumption destination by 2035.
Get a daily dose of Santa Barbara Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Santa Barbara Post.
More InformationMIAMI, Florida: Local media reported that one person was killed and five were injured when a small plane crashed on ...
The suspect is an 18-year-old white man heavily armed with tactical gear and a helmet, said Buffalo Police Commissioner Joseph ...
LOS ANGELES, California: Some 20 homes were destroyed in Southern California this week by a wildfire running down the coast.According ...
KATHMANDU, Nepal - A retired Air Force colonel from the United States climbed the world's highest mountain on Friday morning, ...
ISTANBUL, Turkey - Veto-wielding NATO member Turkey is voicing opposition to Sweden and Finland joining the alliance, with Turkish President ...
The Jacksonville Jaguars on Wednesday hired former San Francisco 49ers vice president of player personnel Ethan Waugh as their assistant ...
BELGRADE, Serbia: Belgrade was paralyzed this week by a series of bomb threats, including against schools, bridges, restaurants and a ...
WASHINGTON D.C.: In a tweet this week, Amazon founder Jeff Bezos criticized President Joe Biden for the second time in ...
TEHRAN, Iran: According to social media posts, protests that began last week across Iran over a reduction in state subsidies ...
BEIJING, China: China's Foreign Ministry rebuked the U.S. for changing the wording about Taiwan on the State Department website, stressing ...
VATICAN CITY: While recovering from knee problems that have forced him to use a wheelchair last week, Pope Francis announced ...
SIALKOT, Pakistan - Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has claimed that a plot to kill him was being hatched, ...