China Luxury Market Declines
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China salesReuters
•World
World
China enters 'new normal' for luxury market with flat sales expected in 2025, report says

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.
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