Reporter Notebook: Luxury Sales Handcuffed in China - Ward's Auto

China’s anti-corruption campaign to root out graft in government and business has hit the conspicuous-consumption crowd hard. The casinos of Macau aren’t as busy and luxury-car sales in the country are waning. “As part of the anti-corruption campaign, some of the rich individuals, high-net-worth individuals, have had their ability to buy such a vehicle severely limited,” Yao Lu, China’s senior business analyst-State Information Center, tells Wednesday’s... But don’t shed a tear in your beer for luxury-goods manufacturers just yet. Some 40% of all the world’s luxury goods are bought by the Chinese in China, she says. To wit, this statement, which seemingly came out of the blue, from CAR’s Qiang Hong at the China session: “Chinese don’t like raw broccoli. Pardo Dishes Pardo-isms. Auto and industrial designer Camilo Pardo – best known in auto circles as the stylist of the second-generation (2005-06) GT supercar, also is known for having blunt and sometimes titillating things to say. At the Management Briefing Seminars “Car of Tomorrow: Design and Technology” session on Wednesday, Pardo shows an array of his design efforts, then delights attendees with a few “Pardo-isms. On the dangers of clinic-inspired auto design: “I’m sure the (Pontiac) Aztek looked good. Source: wardsauto.com