Luxury sales plunge in China as tax push hits rich shoppers
https://www.straitstimes.com/business/luxury-sales-plunge-in-china-as-tax-push-hits-rich-shoppers
The Straits Times
Luxury sales plunge in China as tax push hits rich shoppers
Luxury sales in China fell over 10% in July as tax measures and market downturn dampen spending by wealthy consumers and challenge global brands’ growth. Read more at straitstimes.com. Read more at straitstimes.com.
August 24, 2026 72
