Price wars: China's middle class 'cuts down on large...

Dununu.com Dununu

Patrocinados

Price wars: China's middle class 'cuts down on large expenditures' as deflation deepens; shifts to second-hand luxury stores

RSS Feed Business

Posted

47

Chinese consumers are changing their spending habits. Economic challenges are impacting luxury goods consumption. People like Mandy Li are opting for second-hand luxury items due to pay cuts and property value declines. Deflation fears are rising with consumer prices falling. Price wars are erupting across various sectors.

Read Full Article

Please log in to like, share and comment!

Union Home Minister Amit Shah, CM Yogi Adityanath to distribute appointment letters to 60244 candidates for UP Police constable recruitment

By 0 5

Education Minister aims to pass School Education Bill by June 29

KATHMANDU: Minister for Education, Science, and Technology, Raghujee Pant, announced today that...

By 0 11

Air India plane crash: All Boeing 787s to be inspected; DNA testing of victims being done - key takeaways from Centre's 1st briefing on crash

By 0 19

RBI may cut rates further after brief pause; more liquidity requirement in second half of FY26: Report

The Reserve Bank of India (RBI) is likely to cut interest rates further after a temporary pause,...

By 0 20

Demand for coffee seedlings surges in gulmi, supply falls short

GULMI: The demand for coffee seedlings has surged in Gulmi, creating a significant supply gap at...

By 0 34