luxury goods

Opinion | How China can achieve its next wave of economic growth

by
Opinion | How China can achieve its next wave of economic growth

What happens to the world economy and global geopolitics in 2025 will depend significantly on China, the world’s largest exporter and second-largest consumer market. But prevailing assessments of China’s economic health are deeply flawed. The headlines in 2024 have been mixed. China’s GDP is growing, though the precise rate is always a matter of debate. … Read more

Luxury brands lure Chinese shoppers despite slowdown

by
Luxury brands lure Chinese shoppers despite slowdown

TRAVEL, NOT BAGS  Post-pandemic, there has also been a shift in consumer tastes and priorities. Near Shanghai’s Wukang Mansion, a landmark regularly swarmed by influencers – a woman surnamed Liu said that while she occasionally bought designer items, she would never go line up for a bag. “I like travelling a bit more,” she said. … Read more