Interesting article in Reuters this weekend stating despite the slowdown and trade war Chinese are increasingly buying foreign luxury brands and rather than travelling to buy these overseas they are instead buying them at home online and in store...seems a2 will continue to be sort after regardless
”However third-quarter earnings showed that, despite China’s economic growth slowing to a three-decade low, shoppers are continuing to spend heavily on luxury - but they are doing it at home or online, with their wallets reinforced by savings on flights, hotels and other steep holiday costs. Several large U.S. and European luxury brands reported strong demand for their goods in China, even as Beijing and Washington remain embroiled in a trade war....”
link below:
https://www.reuters.com/article/us-china-consumer-analysis/what-slowdown-chinas-riding-to-the-rescue-of-luxury-brands-idUSKBN1X41RX?utm_source=ST&utm_medium=email&utm_campaign=ShareTrader+AM+Update+for+Saturday+26+October+2019
Interesting article in Reuters this weekend stating despite the...
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