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Retail

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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