As China’s middle class grows rapidly, a number of new web sites offer authentic “pre-owned” luxury items at big discounts.

More and more companies are trying to find solutions for the millions of tons of excess textiles the fashion industry produces each year. The Squirrelz is one of them.

After Chinese textile exports fell 5 percent last year to $286.8 billion — the first time they dropped in six years — the EU is still the largest destination for Chinese garment exports.

Brands are developing more stylish face masks as China’s air pollution soars to “hazardous” levels.

Retail rent growth slumped to between 0 percent and 2 percent last year, compared with the previous average of 5 percent to 7 percent, according to research by real estate agencies like CBRE.

While seen as potentially boosting luxury goods sales in China, few stores are pushing the tax refund program.