From spending to saving: Chinese consumption scares luxury

Il nuovo lusso dei Millennials in Cina

China as luxury consumption engine: for how long? The question bounces from multiple sources. Luca Solca, Bernstein’s analyst, for example, warns companies about the possible slowdown in consumption in Beijing. The newspaper Jing Daily, on the other hand, questions whether Chinese consumers are switching from spending to saving. Double faced The current scenario sees China…

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