Economy News There S More To China S Luxury Spending Slump Than Its Struggling Economy
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China’s economy slows as investment hits record slump
China’s economy is showing fresh signs of slowing, with investment in fixed assets hitting a record low, and factories producing less. The drop in investment, encompassing both private and public ... Read More
China Dials Back Budget Spending by Most in Over Four Years
China’s broad fiscal spending slumped in October by the most since at least 2021, crippling a key driver of investment and economic growth. Read More
China’s Economy Stumbles After Unprecedented Slump in Investment
China’s economic activity cooled more than expected at the start of the fourth quarter, with an unprecedented slump in investment and slower growth in industrial output adding to a drag from sluggish ... Read More
LVMH’s ‘The Louis’ Shows China’s Luxury Market Has a Pulse
After setting sail with The Louis, a ship-shaped pop-up store and exhibition in Shanghai that proved to be an unexpected tourist attraction, LVMH Moet Hennessy Louis Vuitton SE is planning to ... Read More
China's economy jolted by weakest factory output, retail sales growth in over a year
The indicators pile pressure on policymakers to revamp the $19 trillion export-driven economy as a trade war with the U.S. and weak domestic demand heighten risks to growth. Read More
China’s Stocks Are Flying as Beijing Doubles Down on Tech. Why the Economy Is Still Struggling.
China’s commitment to innovation poses a long-term threat to U.S. companies. What it needs now is for its citizens to spend more. Share ... Read More
Why Chinese luxury consumers are spending more at home
To receive the Vogue Business China Edit, sign up here. Chinese consumers have powered the expansion of luxury fashion brands for much of the past decade, now accounting for about one-third of luxury ... Read More
Porsche’s 99% Profit Tumble Signals Trouble for Luxury Brands Worldwide
Porsche’s steep losses reflect a broader trend across high-end industries, as consumer demand for luxury goods begins to wane. VCG via Getty Images Porsche’s billion-dollar loss last week isn’t just a ... Read More
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