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