China's luxury buyers pull back as economy slows

Shares of the world's largest jewelry retailer, Chow Tai Fook, tumbled nearly 8 percent to a two-week low on Thursday on weaker-than-expected sales, deepening a sector-wide stock slump as China's slowing economy saps luxury demand. Photo: Chow Tai FookA host of Chinese companies, ranging from a steel maker to a major airline, have warned of disappointing results over the past week as the world's second biggest economy slows to its weakest growth pace in three years. Evidence that the slowdown

Read more ...