Chinese are spending less and less on luxury items
Chinese customers are buying fewer and fewer smartphones, the sales of their expensive watches and handbags can also decline in the future – origo wrote.
The fact that Apple announced earlier that less iPhone was sold in the last three months of the year than expected, had a significant impact on the stock price of the European luxury companies, as a strong slowdown occurs in the Asian economy. (origo)
Related news
Serious negotiations are underway to end the tariff war
Only with sincere intentions can we negotiate – this is…
Read more >Drastic price increase for Temun and Sheinen: Trump’s tariff war is having an impact
Starting April 25, products ordered on the Chinese Temu and…
Read more >China would stimulate domestic consumption with tax refund relief
China has taken another step to boost weak domestic demand…
Read more >Related news
Márton Nagy: the government would introduce margin restrictions for stores selling household goods
The government may discuss on Wednesday and is expected to…
Read more >More expensive Barbie, thinner Heinz – Trump’s tariffs redraw the global consumer market
The impact of Donald Trump’s tariff policy is affecting more…
Read more >Almost 20 percent cheaper food? The government is satisfied with the results of the margin reduction
“Thanks to the margin reduction, more and more products can…
Read more >