Why are China's elites going for "quiet luxury"?
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- Опубликовано: 1 июл 2024
- China's elites are rewriting the luxury playbook with "quiet luxury", or stealth wealth. CNA's East Asia Tonight host Otelli Edwards finds out what this means and whether this trend is here to stay.
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The way you deliver your narration in both English and Mandarin with ease deserves 2 thumbs up 👍 👍
can only say ur standard very low
It’s easy in Singapore.
Agreed, very well written and delivered
Fair enough, she communicates effectively, though she speaks both languages with a heavy accent.
@@hermesliteratus882 what accent? Lol.
brand is for people to look rich
nobody can buy class
@@krollpeterIndeed...
or people who can afford them too. Goes both ways.
Because everyone is tired to see word BALENCIAGA and BAPE on everyones clothes
Soon Chinese parents will look at their children at dinner time and say ：
"If you don't study hard, you will only be able to drive a Mercedes-Benz and a BMW in the future."
😁
😂😂 Awesome
BMW and Mercedes aint luxury brands in China anymore. Every Chinese knows those German cars are so tech outdated than any Chinese EV. Buying Mercedes and Benz is kind for stupid people with too much money that they dont know what to do with it. Rich people dont drive, thats why Huawei Aito M9 is specially designed for those people who sit back with a movie on big screen
In fact, minimally desirable women in Shanghai have been known to skip BMW drivers for being poor. Porsche is the passing grade. If you don't own a Porsche or Bentley/Aston/Ferrari/Lambo/Rolls, you aren't even qualified for a date with these women who are above 6.
I have a secret to tell you, a BMW and a Honda feel very much the same when you're driving it.
Not a fan .. this luxury is not a statement.. it’s crass
.. individual style .. quiet elegance .. pleasant personality.. this is luxury
It speaks to a kind of emptiness they're feeling inside. Unlettered, unpracticed, unfulfilled.
the masses would never understand that
Have they ever tried no luxury if they are gonna pretend to be humble?
That's what I do.
Hahaha that’s not how it works. They still want to show off their worth. The vibe kinda like hey I’m rich but I don’t wanna show that I’m rich. But I am. But I am not actively trying to show it off. But. I am lmao
they loud we complain, quiet also complain. can you stop kpkb?
The luxury is more than just the name , it also means higher quality materials(and more fabric)...cashmere is gonna feel much nicer than unprocessed wool that scratches your skin. The future is gonna be opposite of skimpy clothing because fabric will be very expensive so the more fabric on your body: the richer you are.
How am I supposed to spot Chinese tourists without them wearing Balenciaga t-shirts and sporting Chanel handbags?
You can simply hear them miles away
they may look wealthy outside, but the inside won't be wealthy
You just watch for them spitting
At least she knows Chinese. Some improvements.
Not forgetting money laundering 😊
Not the China Chinese in Australia!! Wears 'Chanel' and heels to the supermarket and shopping malls!
It's dreadful.
There used to be a time when if you wore a tee shirt provided by a brand for free, you would be considered a walking billboard. Worst is when you pay so much to be their advertisers. Glad people are slowly waking up to their senses.😊
Maybe now they prefer quiet washing machine than loud noisy washing machine.
Rinse and repeat function needed.
Which probably explains why the top 1% is now giving up "quiet luxury" for "no luxury at all"
China with the population of 1.5 billion has 969 billionaires is not more than US which only have 350 million people yet 691 billionaires. If you switch over to percentage.
now compare China"s middle class 707 million to the US
To people in the comment who said the anchor has good Mandarin pronunciation: guys, this is Channel News Asia, a Singaporean news channel, so of course many people there have no problem with pronouncing Chinese words.
Quiet luxury: Amazon Essentials= more money in your account.
because the government told them to tone down the flaunting on the media, for general public's morale
Yes, I felt that when I was in China recent times, people more look for the quality of textile, comfort and tech of cloth, something as simple as no edge underwear ( the edge and label all gone because the extra skin rub discomfort from them)
So they finally realized flashy loud luxury is stupid...
Talking nothing about quiet luxury at all!
Hahahaha... It's not just the Chinese who are trending that way. It should be made a norm rather than a trend. Loud luxury is more than ugly. It is downright socially disruptive.
Imagine paying 20x for boring pieces you can buy literally everywhere else.
People in China are getting smart about luxury. Singaporeans... Not quite...
You didn’t read news? Chinese government has recently banned accounts due to their ostentatious show of luxury wealth. It’s a sign that showing wealth is a no no now. 😂
"quiet luxury" ? shouldn't you and I be ignorant of this trend ?
As of 2024, China has 814 billionaires and the US is following closely with 800 billionaires.
The talk about quiet luxury and art/luxury collectibles are totally 2 different concepts. I do not mix these 2 together. The motivation to obtain these are not the same. If I spend money on quiet luxury items, I treat it as sunk cost.
Yes, it is the one and only "True luxury style"
Current China drought and flood, foreign business exits, PMS below 50 not ever mentioned.
PMS??????😂😂😂
China is doing fine, thank you. The official PMI covers a lot of 4th rung areas and semi rural industries as well, and these have been in decline since forever as people migrated to the coastal and larger interior cities. The Caixin index's strength is a reflection of that. China's GDP is almost certainly growing faster than the country you are from, still.
It’s call being modest and reshaping the culture of money.
I always mix and match. I'll wear a Louis Vuitton sweater $4000 with pair of jeans from Levis that was purchased on sale $29.99. I bought my first and only Rolex watch when I was 24....now 57, I still wear the same watch. And I have never bought any other watch, not even an Apple watch. I like designer clothes but also shop discounted items too.
Well the answer to the question in this video title is that the Chinese government fined those people who flaunt their wealth
It's another word for 5 Cs
Yay! She said Gen "Zed" instead of Gen "Zee", at about 1:22.👍👏😀
China late to the QL party
and they paid for this... ironic.
Avoiding logo overload and brand fatigue?
Or just avoiding political scrutiny by the 'common prosperity' police ?
Finally, comfortable with their $.
Personally , if you are well off thro own effort; no reason to portrait / show off your wealth. LV is for those who dont have but need to show off.
Reminds me of the laundering of 1mdb money on those auctions
Mentality still new money
if you talk about US China
The US is steadily moving towards Hugo Boss for style if you get what I mean.
for those tycoons no place to spent then spend at luxury item, they treat $10000 as $10 for own self, but treat for others $10 like $10000.. lol
china should impose 100% tariff to these luxury brand from EU and US in retaliation to them.
Oh, Otelli can speak Mandarin? She says those 3 Chinese terms in proper pronunciation.
She actually came from a SAP school.
green dragon lets go
People who can't afford their mortgage thumbs up
Sounds disgusting.
Billionaire 🎉wow😂
Corrupt monies must of course be kept out of tge radar.
glad that these billionaire are following my trend
Luxury items as investment 🤣?! More than just recession prove! It allows money to and fro ......
You are definitely wrong. Fake news. There are many mainlanders here in Singapore. There average income per capital is less than 1k. Don't send fake news.
Money laundering.
The gap between rich and poor in china are the largest gap on any Asian countries, the romanticism of this situation is just disgusting.
How can high ranking CCP 🇨🇳 members have *houses and children* studying in democratic countries?
- their salaries are low, where do they get the money from?
How do you know their salaries are low? Your firm beliefs?
War criminal tweets💩💩💩
They are 🇨🇳 not 💩 like u😅
@@dashong8912 How do you know it's not low? Your social credits?
@@NoEndForUs The person who asserts their salaries are low is the person who must give the evidence. This is common sense.
yea a bit like Pelosi isn't it?
Get a real job start earnings and build up your wealth network, don't spend your parents money.
Basically copied the western old vs new money
Another way to launder the monies. Should change the title to quiet laundering.😅😅😅
Everything is under surveillance on fatherland 🇨🇳
😂😂😂
rolex is now for low ses ppl
At least they can afford rolex
Has been all along.. cashiers even wear them. And can even pay by instalments. 😂
😘😘😘💜💙🤎💚💛🧡❤💘💝💖💗💓💕💞❣