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Starbucks Corp raised the prices of some of its products in China effective Tuesday to offset higher costs, the coffee chain's first price hike in five years.

The robust growth of the Chinese luxury market has seen high-end brands expanding their territory in the fashion industry to keep enticing consumers.
Many luxury brands have made their annual price adjustments for certain products, with increases of more than 10 percent since November, but that hasn't dented Chinese customers' taste for upmarket items.
Where to invest or stash that extra cash. Tania Lee reports.
Online global shopping services are increasingly popular as Chinese are able to buy goods they can't get at home from overseas.

More Chinese people are choosing traditional wedding ceremonies for their nuptials these days.
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