China promises more taxes for the rich and sends luxury sector into panic

China promises more taxes for the rich and sends luxury goods into panic

Chinese President Xi Jinping (pictured) is sending the luxury sector into panic, taking European groups stocks on a rollercoaster ride in August. “If the Chinese sneeze, the luxury sector will catch pneumonia,” said Luca Solca from Bernstein. The metaphor materialised on August 17, when over €60 billion went up in smoke, or almost 10% of…

ACCEDI PER CONTINUARE A LEGGERE

Scopri l’abbonamento che fa per te tra le nostre proposte

PREMIUM CONTENT

Choose one of our subscription plans

Do you want to receive our newsletter?
Subscribe now
×