Global luxury retailers counting on wealthy Chinese shoppers to raise their sales might be dismayed by recent reports pointing to a slowdown in their appetite for pricey bags and clothes.
Rich Chinese Shoppers' Appetite Slows as Confidence Falters - Bloomberg
Chanel raises prices of high-end products in China and Asia amid Global luxury slowdown
China’s economy showed signs of a stronger recovery in September, according to several early indicators and a firm analyzing the global economy using satellite data.
China Economy Improved Further in September, Satellite Data Show - BNN Bloomberg
High-end perfumes and home scents show few signs of slowing as consumers stick with a habit that emerged in the pandemic.
Luxury Perfumes, Scented Candles Enjoy High Consumer Demand - Bloomberg
China’s yuan looks vulnerable to another round of losses in coming months as the delayed impact of official efforts to boost growth means data will stay weak for some time, according to Bank of America.
Yuan Set to Weaken to 7.4 Per Dollar on Slow Recovery, BofA Says - Bloomberg
China Data Likely to Show Fragile Economy in Need of Support - BNN Bloomberg
China's Home Prices Drop at Faster Pace in Blow to Sentiment - BNN Bloomberg
China's Economic Activity Mixed as Beijing Steps Up Support - BNN Bloomberg
The surprising reason perfume prices are skyrocketing
Countries including New Zealand and China saw declines in the second quarter, even as prices continued to climb in most places around the world.
House Prices Falling: Asia Pacific Markets Slow Down as Interest Rates Rise - Bloomberg
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