Chinese luxury spend to fall in 2019

Chinese consumers to spend greater proportion at home as economic issues shape shopping trends

Chinese luxury spend is forecast to slow this year, according to a new study by management consulting firm Bain & Co, which predicts the sector could see a double digit slowdown as economic challenges hit the country.

According to the study, Chinese consumer spend on luxury goods grew at 20% in 2018, accounting for a third of all luxury goods purchased globally.

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