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
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 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","iv":"bd1c7cd17c3975140e739873839b6b7b","s":"993c0f73ef04c871"}