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Shanghai Tang CEO prudent on China, looks to expand overseas

Pointing out that China is slowing down, he says his company needs to wait and see what is happening in the country

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Shanghai Tang has been way less affected since the economic slowdown in China than the bling brands "because we are way more politically correct and we are premium in terms of positioning", says Mr de Chermont.

Beijing

SHANGHAI Tang's chief executive officer said his brand has suffered less than others since the economic slowdown in China but he is not considering opening any new stores on the mainland at present.

"China is slowing down. Between Hong Kong and China, we have 35 stores. We

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