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© 2012 AFPDemand for luxury goods in China bucks economic slowdown
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© 2012 AFP
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Lilic
I think japanese people are waking up to reality, saving some money and don't spending it all on brand bags and luxury goods
thywillbedone
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.
redsac
Trophy wives are the last to learn of an economic slowdown.
A+b/a=a/b≡?
A very good point!!
WuZhuiQiu
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.
A+b/a=a/b≡?
A very interesting phenomenon, definitely informative.