You also have opportunities to create brand new product lines in China.

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Levi Strauss launched a new global brand called dENiZEN in China on Wednesday.

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For a relatively new fashion brand, this focus on China just goes to cement the fact that the Chinese consumer is an important market segment for the fashion and luxury sector.

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Ford plans to introduce 15 new models in China by 2015, and is building five new manufacturing facilities and bringing its Lincoln luxury brand there in 2014.

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Imitation of foreign brand name products and store chains is neither new, nor unique to China.

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But now in its third year of ownership by Geely of China, the surviving Scandinavian auto brand is counting on a new marketing campaign and more confident positioning to spark an American revival in the short term while waiting for a fresher, broader product line to provide long-term prosperity.

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Also at play this year are a slew of brand-new fireworks shells, discovered by pyrotechnics companies who scour the globe from Europe to China seeking out the best new explosives.

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Chi Lo, China economist for HSBC in Hong Kong, says consumer loans are still brand new to the cash-based Chinese culture and have not been embraced by either lenders or borrowers.

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After the automaker announced that it will roll out is luxury brand Lincoln in China by 2014, CEO Allan Mulally said the company will launch 6 new models in South Korea this year.

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