China’s consumers are cutting back on spending as the country struggles with recent economic challenges. But what will this mean for luxury brands? Image credit: Net-A-Porter's Weibo
What happens to luxury if Chinese consumers cut back?
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments{"ct":"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","iv":"edbad6fbc28f279150b2d56bcad4187a","s":"b97c98e4d78c4b98"}