New reports indicate that luxury sales in mainland China have fallen by approximately 10% so far this year, and talking to those who used to buy European brand bags and clothes, it’s going to be virtual austerity for the foreseeable future.
Tag: consumer spending
MOSCOW — It’s not often that the government’s plan and the people’s plan match as well as they do right now. The government is projecting an increase in real incomes in the next couple of years, but it also anticipates a decrease in the amount that people will save. And that is precisely what people […]