HONG KONG - Luxury brands banking on a China rebound to boost sales may be in for an unpleasant surprise: weak demand in the world's second largest luxury market may last longer than the economic slowdown as Beijing cracks down on conspicuous consumption. "Luxury products are highly expensive and civil servants, whose salaries are about 5,000 yuan ($790.6) a month, cannot afford them"
China is sensitive to anything that raises suspicions of corruption, especially after the scandal involving Bo
No comments:
Post a Comment