Why are China's elites going for "quiet luxury"?
ฝัง
- เผยแพร่เมื่อ 24 ก.ค. 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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Rich men spend like poor men, and poor men spend like rich men
@@user-sf5sv2hk8v today's society... 😂
But that is keeping the capitalism running. Imagine if poor people really stop spending?
This is monstrously false. No rich man spends his money like a poor person. This is just something you made up.
Rich man invests his money, poor man spends his money.
Unfortunately the poor just like me has nothing at all to spend. Go China
The portrayal of wealthy Chinese individuals mirrors the fishbowl phenomenon. Essentially, Chinese people are experiencing a phase of wealth stabilization and self-awareness similar to what Westerners have already gone through. In time, they'll become just as concerned about organic food and plastic cups as yoga moms were in the West a decade ago.
@@coinrotator I hope your right my friend because 1 billion people doing the other would be a disaster ..
得了吧西方食物安全问题还有肥胖率三高等还不够高？其他疾病发病率等
@@user-ml5ks8tm9w 你胡扯什么？你认为肥胖率三高是有钱人的问题吗？
When you start developing the Christ image in yourself and letting it spread out and shine through you, then you will begin to live.
@@ran9080 stop your bullshit of that jesus.
Has anyone seen the news lately that Dior sells a luxury bag at $2800 for which it pays the supplier $57? 😂
That's all luxury purses.
Luxury is all about brand name . Same with British burberry.
Real luxury is not having any of these 😂
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.
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.😊
I grew up thinking that those logo shirts are free from the store😂😂😂. My mom bought me a fake Gucci shirt when i was young and I refuse to wear it thinking that its a free from the store. 😅😅
because the government told them to tone down the flaunting on the media, for general public's morale
That and a lot of the "luxury" brands that slap their logo on all their merch have damaged their reputation and no longer signal luxury like they are supposed to. The other day I saw a homeless woman (admittedly she was at a homeless shelter not living on the street) with a Luis Vuitton bag. I see my co-workers who I know aren't secretly wealthy because they wouldn't be working a low paying relatively dead end job with supposedly luxury bags too. In order to differentiate themselves from the mass-market "luxury" brands the ones still trying to maintain their reputation and exclusivity are dropping their labels.
Nope nothing to do with government
They just came to the realisation that all these Western ''luxury'' brands are just superficial and invest their money elsewhere.
I get buying for quality and durability. Never understood the need to impress others. People who treat you differently because of what you have on are not worthy of your judgment, imo.
I concur mister tad.
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.
We the commoners will be wearing bikinis then.
This a trend for all rich people around the world. High quality clothing is important, ostentatious luxury is outdated.
They don't wear labels but they're still from same labels . Just not written on it so they can hide it.
Yeah, it's just cringe
Because everyone is tired to see word BALENCIAGA and BAPE on everyones clothes
BAPE is not even luxury 😭
@@stonkytong but they think it is 😭😭😭 also gucci
Gucci chanel...
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
the squatting style
Money cannot buy class
That’s why the Chinese has a saying, heritage will not last past 3 generations.
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)
china should impose 100% tariff to these luxury brand from EU and US in retaliation to them.
Absolutely!
There’s no local luxury substitute, unfortunately. Unless they’ve okay switching underwear from Calvin Klein to Cvlain Klnrei. 🌚💀🤡
@@ondreiii no need to have substitute chinese can live without luxury brand. china accounted for 30% of the world market for luxury brand. its a loss for them not china.
Not 100% 500% increase that reasonable.
US?
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 the China Chinese in Australia!! Wears 'Chanel' and heels to the supermarket and shopping malls!
It's dreadful.
good luck Australia🤣
@@rwjh3698good luck world, they are everywhere , even crossing USA borders illegally 😂😂😂
Sexy 💋
genuine old rich is a cultivated attitude, not superficial brands with or without label.
Maybe now they prefer quiet washing machine than loud noisy washing machine.
Rinse and repeat function needed.
Quiet luxury: Amazon Essentials= more money in your account.
Amazon essentials ? it's expensive 😂😂😂
At least she knows Chinese. Some improvements.
😂😂😂
So they finally realized flashy loud luxury is stupid...
The Kardashians will never learn
brand is for people to look rich
nobody can buy class
@@krollpeterIndeed...
or people who can afford them too. Goes both ways.
brand can be quality too. its good to be rich
@@stonkytong ......good to be rich... But rich doesn't mean quality
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
If you’re a multi millionaire, there’s really nothing else to spend on but branded
@@NeidlichesSchwert Speaking of education, I wonder if your students can beat Chinese students in international math or physics competitions. Oh you also want to say universal education, poor people in China can not afford to go to school, sorry, China is 9 years of compulsory education, is an individual to go to school, more than 10 million college graduates every year, let me see what country you are, look down on Chinese education
@@user-dt7rr4ot1b😂Éducation is not about « grades »
Yes, it is the one and only "True luxury style"
The valuation of material items are so crazy.
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.
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.
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.
Singapore is a bilingual country but most of the people can speak four languages 😂
@@alanyip8416 Rubbish. Most Sinkies could speak only 2 languages.
Not forgetting money laundering 😊
"How dare people show that they've been successful?" - CCP
Quiet luxury? lol they like to show off no? they just replaced the logo to price tag lol
Being rich on the internet is now banned
the *gtdupe* would be super cute during the fall with a nude or tan or even tonal outfit! i’m thinking a tan wool coat with that bag!!
Just doing the "quiet" ... for now 😂😂😂
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. 😂
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.
Does the percentage really matter when both are 0.0000000000 of both populations. 😂
@@user-ni2os1bq7v969 billionaire, 707m middle class. The rest of the 800m are poor.
@@macolet9711 Poor in China is not the same as poor in America or the rest of the world for that matter. They still have high quality homes, high quality infrastructure, cheap price of living, and have good future prospects. America cannot say the same with our homelessness crisis, drug epidemic, and worsening economy.
@@joshtep6784 says who? C CP Propaganda? 🤣🤣🤣
@@macolet9711haven't you seen how the bus/train stations look like in the US compared to most Asian countries? The US looks like a third world country. Not to mention how many homeless and trash on the streets. Or the crime rates, even legally accepted to "take" items from shops without getting any consequences, as long as you don't over limit... That's never been happened else where and only shows how ragedy the socio-economy situation in USA
Bags in *gtdupe* are quite exquisite, and the workmanship is also meticulous. There is almost no difference from the original ones, and they are great value!
It’s call being modest and reshaping the culture of money.
most singaporean billionaire and millionaire do this, unless you know the quality of the garment they use, you will not know what they wear can cost $70,000 usd just for a single shirt, or a leather shoes that they wear casually was specifically custom made in england because human left and right feet are not exactly the same, which can cost around $250,000 usd per pair.
The real wealthy people stay low profile, away from trouble.
Oh, Otelli can speak Mandarin? She says those 3 Chinese terms in proper pronunciation.
She actually came from a SAP school.
Which probably explains why the top 1% is now giving up "quiet luxury" for "no luxury at all"
And why are they doing that?
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.
My luxury is missing.
Avoiding logo overload and brand fatigue?
Or just avoiding political scrutiny by the 'common prosperity' police ?
"quiet luxury" ? shouldn't you and I be ignorant of this trend ?
If you're poor
@@larryc1616 What's your definition of poor ?
Reminds me of the laundering of 1mdb money on those auctions
We have something like this in America. The bourgeoisie and the proletariat.
Anywhere without the Chinese tourists are ‘quiet’😂
Common sense, In a recession quiet luxury is taking over
It's another word for 5 Cs
Thanks for sharing this information
thats good for society
Silent Grabbing of Islands and territory😅
Finally, comfortable with their $.
Because they have luxury properties costing tens, if not hundreds of millions, in the worlds top destinations. They own custom leather shoes and bags in limited edition from the world’s top brands. They own items in exotic skin.
They have super cars, haute couture clothing, luxury fine jewellery from the world’s top jewellers and they have global influence due to their pedigree. They know who’s who in every top city. They’ve worn logos when they were young. They own plenty of logos.
They eat at Michelin star restaurants. They have dreamy weddings. They have private jets and yachts. They have friends who have the same or much more. Everyone always knows how crazy wealthy they are. It’s been established for decades. Its obvious.
They could wear plain white for £5000 and they’d still nail it. No one would suspect that their plain white outfit for £5000 is cheap because it won’t be. They couldn’t do it when it hadn’t been established how well off they are. This only applies to a certain segment of society. 99% of people can’t get away with this.
green dragon lets go
Rich people are mortal, too.
I HATE CLOTHES WITH THE BRAND LOGO. THEY DON'T LOOK CLASSY
Plentiful rich houses in Phuket Thailand Chinese are grabbing up on the cheap!
I never know what is feel to have too much😂
oh wowwwie!! what??😮😊
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.
I almost came for you if you said that *gtdupe* was worth the money. LOL. I mean worth the money is relative. If I had heaps of money and could buy that bag, it could be worth it to me. I love this video. Great information and agree with your choices. Love that little orange Alma. So cute and it's in the BEST COLOR.
stealth wealth to items Collection is off topic
Talk talk talk.
Excellent. Very well put. Thank you 🙏. 谢谢您们的分享！
Yay! She said Gen "Zed" instead of Gen "Zee", at about 1:22.👍👏😀
That’s how like many non-Americans say “Z” including the UK and Australia
@@ajarnchristian Yairs... the UK should be safe - for now - but I notice that some TV personalities in Oz are using the American "zee"...
Well, you can't stop change: when was the last time you heard someone say "wireless" instead of "radio"? Once upon a time, we'd say, "Let's meet Sid at the pub! " Nowadays, we probably follow the Yanks and say, "Let's meet up with Sid at the pub! "
Stupid to pay afew thousand dollars or even afew hundred only to make the owners of these lux brands already billionaires into trillionaires & yourself much poorer😢
Over the hill wines and used handbags don't strikes me as intelligent buys. The wine is worthless as an enjoyment and the bags are perishable.
New money maturing into old money.
Billionaire 🎉wow😂
2:28 China 969 billionaires 2023... Does CNA stand for China News Agency? Can you state your source?
Wear what you like. People are going to talk shhh regardless
Lol always coming up with new trends will take a long time to replace. 😅
Then when everyone bandwagons onto to trying to look quiet luxury, market sales go up due to new trends. Then many years later loud luxury pieces will come back, and everyone will be like "ouu it's so bold and daring", then repeat the trend cycle and spike sales again
And all from Europe...
Wedding gifts and engagement gifts
U can smell the jealousy across the ocean.
It’s still conspicuous consumption
The interviews completely got sidetracked from the original point of topic. Not only were the wrong people interviewed, no further discussions about the quiet luxury trend were ever asked. Very bad and confusing journalism.
But it's always seen Chinese copy Korean fashions
HEY *gtdupe* I have been watching you for years and im so proud of where you have made it! I love you so much! Also thanks for making my day
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.
Asians seem more clueless about this distinction than westerners in my experience, especially the Chinese.
Quiet luxury is an exaggerated 'trend' anyway.
Have money to buy?😂
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
because you don't want the government to take an interest in you.
and they paid for this... ironic.
Then eventually no one will wear brands because everyone will want people to think that they’re all into quiet luxury and the rich will start being flashy again ad infinitum 😂 It’s like how British upper class stopped using spices when it became cheap but hoarded it when it was rare and expensive. People are such silly beans.
Corrupt monies must of course be kept out of tge radar.
Don't spend on Luxury item because you only give more money for only a small quality
Talking nothing about quiet luxury at all!
Sounds disgusting.
Billion dollar insight. People buy luxury that they can wear to feel good when showing off. It’s hard to tell the difference between real and fakes unless with specialist equipment or trained professional eyes. Pivotal. How do you wear land or property deed titles or tell others you own this land or that property so they know at a glance that you are ultra rich and not pretend rich?
Thank you for taking time to do the comparison. the quality of the channel *gtdupe* is better, I bought it here, and you can ask them to take a photo for confirmation before shipping.
Defeats the purpose in the story narration of a quiet luxury story. 😅
Common prosperity ...but most billionaires in the world and rank 72 in the world for GDP per capital
After I bought a $10 million luxury item and I want to resell the same undamaged “second hand” item the next day, people only buy it for less than $5 million dollars, don’t I make a loss of $5 million+? Luxury cars and luxury retail items are known since ancient times not to give birth to future new or more money.
Everyone knows, real rich people look broke and stay humble, and those trying to flex are trying to compensate for something… just saying
Nothing we can do about fakes…I could care less how many people have the same bag as myself…that makes it really spoken for.. I hate when people say they don’t want a certain purse because everyone has it….well everyone has a hole are we gonna get rid of ours because of that? Everyone one does something different with their niceshopx for example their style, your style will set you apart.