There will still be growth in the luxury market, but the momentum will be downward as people don't want to spend amid the weak outlook on the mainland. Photo: Jonathan Wong There will still be growth in the luxury market, but the momentum will be downward as people don't want to spend amid the weak outlook on the mainland. Photo: Jonathan Wong
There will still be growth in the luxury market, but the momentum will be downward as people don't want to spend amid the weak outlook on the mainland. Photo: Jonathan Wong

Hongkongers cut spending on luxury goods amid bleak mainland outlook

Bleak outlook for mainland economy prompts change in buying patterns

There will still be growth in the luxury market, but the momentum will be downward as people don't want to spend amid the weak outlook on the mainland. Photo: Jonathan Wong There will still be growth in the luxury market, but the momentum will be downward as people don't want to spend amid the weak outlook on the mainland. Photo: Jonathan Wong
There will still be growth in the luxury market, but the momentum will be downward as people don't want to spend amid the weak outlook on the mainland. Photo: Jonathan Wong
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