Summary | With China's economy now in the throes of a slowdown,
a cooling luxury market is hardly surprising. If so, he added,
the big luxury brands will suffer. Wealthy people aren't very
price sensitive, he said. "It could cool the market in the
short term, but not in the long run," Zhang said of higher
taxes. If taxes don't hit hard, tighter limits on fuel economy ...
a cooling luxury market is hardly surprising. If so, he added,
the big luxury brands will suffer. Wealthy people aren't very
price sensitive, he said. "It could cool the market in the
short term, but not in the long run," Zhang said of higher
taxes. If taxes don't hit hard, tighter limits on fuel economy ...
shanghaidaily.com | 08 November 2014