This course applies political risk analysis to explain the linkage between luxury consumption and anti-corruption movement in China. It aims to cultivate students to develop a deep insight and understanding about how economic behavior and commercial market are affected by political dynamics in one-party regime like China. The anti-corruption campaigns under analysis covers the two decades under the Hu-Wen and Xi-Li regime from 2003 to 2022, and the varieties of luxury goods that are commonly used to capitalize illegal gains. Quantitative methods are introduced to apply as analytical tools, such like the game theory and regression methods. Students are trained to be familiar with the format and content of political risk assessment and understand how politics affects society and business in China.