Yunnan's perfumers scent profits ahead

Fragrance makers in the southwestern province are nosing ahead in their efforts to build local brands and gain global attention, report Yang Wanli and Li Yingqing in Kunming.

China's multibillion-dollar luxury goods market has just undergone a tumultuous year as a number of factors, including the plunging stock market and the national anti-corruption campaign, pushed sales lower and lower.

According to research released in January by Bain & Co, the United States management consultancy, spending on high-end goods in China fell by 2 percent to $17.26 billion last year.