BEIJING — With China’s new leadership pledging to toughen up on corruption, luxury brands that have been thriving in this country — often thanks to the massive gray market in currying official favor with expensive gifts — may be in for a bit of a slowdown.
Since Xi Jinping was anointed head of the Chinese Communist Party in November, paving his path to the presidency in March, Xi and others have sent a series of signals that they intend to clamp down on corruption, the systemic and unavoidable facet of China’s economic model. In the past week, two key points were revealed. First, Xi himself spoke openly of the need to punish corrupt officials, everyone from “flies” to “tigers,” a metaphorical reference to going after top government leaders who are corrupt as well as the lowly ones often used to make a point.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)