Chinese shoppers are splurging again. China’s consumer confidence has reached a high since Nielsen started compiling the index in 2005. Exports of Swiss watches to China and Hong Kong have jumped 30% from a year ago in January, after growing 10% last year. Luxury car sales increased 18% in 2017, according to Euromonitor. Prices of moutai, a high-end liquor common at Chinese business dinners, have almost doubled since the beginning of...

Source: Wall Street Journal February 22, 2018 10:41 UTC