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: economic downturn
Following his AKP party’s resounding defeat in the March local elections, Turkish President Erdogan called the results a “turning point”. But will he — and country’s political landscape — really change?