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Feb
2013

Does decreased economic growth flag a problem?

We have mentioned in previous issues of Luxury Insights China how the media likes to find any negative growth indicators in the Chinese luxury sector as a major cause for concern for the economy as a whole and the luxury industry in general, and that this is in our view, neither realistic or logical. The expectation that the sector alone would continue to grow at 20%+ year on year really doesn’t make any sense, and in reality would be difficult to sustain. A great deal of money is still being spent by Chinese luxury consumers across the globe, within and outside of the country……
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