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Luxury brands lower prices as China tries to stimulate economy

April 3, 2019

Louis Vuitton is among the luxury brands that have cut prices in China. Image credit: Louis Vuitton

 

By Sarah Ramirez

With cuts in China’s value-added tax now in effect, luxury brands are reportedly responding by lowering their prices as the government hopes to reinvigorate the world’s second-largest economy.

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  1. Dior dives into French Riviera with escapist fragrance
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  5. Chanel unleashes ‘From Dream to Reality’
  6. Pratesi continues retail push with new Boston boutique
  7. Subscribe now: Full access to 90,000+ articles, reports, videos and images
  8. Luxury Women to Watch 2017
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  10. Luxury Unfiltered: Burberry is on the brink of self-destruction as it taps a new CEO
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