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Demand for luxury goods in China bucks economic slowdown


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A very interesting phenomenon, definitely informative.

4 ( +4 / -0 )

Well, considering the relatively high numbers of millionaires in China, I am not very surprised. Indeed, I would question the use of luxury goods as an economic indicator, given the huge income and wealth disparity that exists in China.

0 ( +0 / -0 )

Indeed, I would question the use of luxury goods as an economic indicator

A very good point!!

4 ( +4 / -0 )

Trophy wives are the last to learn of an economic slowdown.

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I always get slammed for saying this, but for a long time I advised Japanese people to prioritize learning Mandarin before attempting English. I think I will not have to preach this sermon any longer, as it will probably become common sense to do this.

0 ( +1 / -1 )

I think japanese people are waking up to reality, saving some money and don't spending it all on brand bags and luxury goods

0 ( +0 / -0 )

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