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February 2016
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China's VAT Refund Program Sees Sluggish Start
 
‪Foreign visitors to China can now receive a 9% tax rebate on purchases at designated stores. However, a real impact on domestic consumption has yet to be seen. Our Chief Executive, Angelito Tan, recently shared his insights on the new tax rebate with Women’s Wear Daily
 
Click here for a PDF version of the article. 
Ermenegildo Zegna Couture at Men's Fashion Week
 
The Milan Men’s Fashion Week showcases some of the world’s best menswear and trends for the upcoming Fall / Winter season, joined by brands such as Versace, Salvatore Ferragamo, and Ermenegildo Zegna. With a unique concept of "making the act of embellishment a classic", the Ermenegildo Zegna Fall Winter 2016/17 runway drew attention from artists such as Benn Northover and Giacomo Gianniotti. Chinese celebrities LI Chen and WANG Kai were also in attendance.
 
See more photos at RTG Consulting’s Facebook page.
New World Wine Arises Among Chinese Middle Class
 
The value of Australian wine exports to China have reached their highest levels in almost 10 years. Plans are afoot for many of these wine brands to capitalize on this strong and growing demand. For instance, Treasury Wine Estates (TWE), Australia’s largest winemaker, has already been working to reposition themselves to make Wolf Blass the top imported wine by sales volume in China in 5 years (click to read about the Wolf Blass’s recent partnership with NBA Greater China). Countries such as New Zealand and Chile are also growing a presence in China, especially among the middle class. 
 
Read more about the growing Chinese market for new world wines via China Daily here.
2016 Shanghai International Debutante Ball

Shanghai was more dazzling than ever earlier last month with the arrival of the 5th “Shanghai International Debutante Ball with CHAUMET at the Peninsula.” Together with one of the world’s leading French Jewelry and watch brands, CHAUMET, and luxury cosmetic brand, GUERLAIN, the exquisite event was held at The Peninsula Shanghai with 14 young ladies from around the world making their debut. 

See photos of the event at RTG Consulting’s Facebook page.
A Tribute to the Winemaking Legends of Penfolds
 
To many people, the Chinese New Year is a day of giving, receiving and sharing. As the warm holiday approaches, Penfolds’ new released Max’s, a range commemorating former Chief Winemaker Max Schubert AM, is now available, celebrating the spirit of the “Year of Monkey” in China. The design joins Penfold’s iconic Bin numbers and the Chinese character “猴”(monkey) in gold, symbolizing a gesture that acknowledges the quality of a wine befitting of life’s special occasions.
 
To get more information about Penfold’s new range or to get advice on exploring the Chinese market for your brand, please contact us
Building the Malls of the Future
 
Changing consumer tastes and the rise of e-commerce means shoppers are visiting malls less and less in the current consumption environment. To compete with online shopping, malls need to match e-commerce in convenience and create experiential reasons to visit the malls that consumers cannot find online. Some high-end, futuristic malls in China and parts of the US are upgrading technology, hoping to attract customers with “smart” shopping centers.
 
Read more about the story via Business Insider here.