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

Dununu.com Dununu

Sponsor

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!

India-based GCCs lead global shift in tax operations, says Deloitte whitepaper; 76% already handling cross-border functions

Deloitte India's whitepaper reveals that India-based Global Capability Centres (GCCs) are now...

By 0 2

How Indian expats in Dubai helped save 25,000 lives through decade of blood donation drives

Dubai's Kindness Blood Donation Team, founded by Indian expats in 2015, has saved over 25,000...

By 0 3

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

By 0 23

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 27

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 35