Louis Vuitton, Gucci owners face tough times in China amid trade war, property slump

Quick Summary:

Chinese consumers’ spending on luxury goods has been affected by falling property prices and uncertainties over the trade war, analyst says.

She added that spending was held back by falling property prices, which were “crucial to luxury consumer sentiment”, while uncertainties around the trade war with the US could further pressure equity markets and dampen China’s economic growth.

An ongoing slump in China’s property market was not helping consumer sentiment either, they added.

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Article Details

Author / Journalist: Yuke Xie

Category: Business

Markets: Hong KongChinaJapan

Topics: Economic China China’s Cent Spending Trade Year Sales Decline According Luxury

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-19 @ 09:30:14 (4 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 264 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28168237

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