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Reuters

Reuters

World

World

China enters 'new normal' for luxury market with flat sales expected in 2025, report says

Reuters
Summary
Nutrition label

81% Informative

China 's luxury market declined by 18% to 20% in 2024 , marking the end of a period of "exponential growth" Discretionary items, including personal luxury goods, have been hard hit in China .

Consumer confidence in the world's second -largest economy remains stubbornly low following a prolonged property crisis.

VR Score

92

Informative language

99

Neutral language

57

Article tone

formal

Language

English

Language complexity

65

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

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no sources

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