The exterior of Pravda luxury store in a shopping district in Beijing, China. Chinese demand for luxury goods is projected to grow as much as 30 peer cent this year. Photo: Getty Images The exterior of Pravda luxury store in a shopping district in Beijing, China. Chinese demand for luxury goods is projected to grow as much as 30 peer cent this year. Photo: Getty Images
The exterior of Pravda luxury store in a shopping district in Beijing, China. Chinese demand for luxury goods is projected to grow as much as 30 peer cent this year. Photo: Getty Images

Chinese demand for quality goods to see luxury industry spending rise by 30 per as retail therapy takes hold

  • High-income mainland shoppers set to drive the country’s post-pandemic economic rebound, in good news for global fashion houses
  • It’s the only plus for luxury brands though, as worldwide spending is expected to drop by 45 per cent in 2020 because of pandemic

Topic |   Luxury in China
The exterior of Pravda luxury store in a shopping district in Beijing, China. Chinese demand for luxury goods is projected to grow as much as 30 peer cent this year. Photo: Getty Images The exterior of Pravda luxury store in a shopping district in Beijing, China. Chinese demand for luxury goods is projected to grow as much as 30 peer cent this year. Photo: Getty Images
The exterior of Pravda luxury store in a shopping district in Beijing, China. Chinese demand for luxury goods is projected to grow as much as 30 peer cent this year. Photo: Getty Images
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