Luxury market changes with anti-graft tide

THE WALL STREET JOURNAL LAST WEEK said that the ongoing anti-graft storm may have curbed rich Chinese customers from purchasing luxurious handbags and coats, but many of them have turned to luxurious underwear instead, which is easier to hide. Sales of high-end underwear have been growing since 2012, and they accounted for 30 percent of the underwear market last year. Comments:

When an official spends more than his or her salary, there is the possibility of corruption and anti-graft agencies should intervene. Maybe they cannot ask who is wearing luxurious underwear or carrying some luxurious items in his/her handbag, but there are always clues such as sales records. Disciplinary staff should thank the report, which offers new thinking.

rednet.com, Feb 16