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US dollar-adjusted prices for equivalent items are on average over 50 percent higher in China than in Italy and France.The price difference can vary widely across countries, eg. between China and France. Both Mainland China and Hong Kong experiences a slowdown in luxury goods spending continually, with economic uncertainty dampening consumer confidence.
Background on Luxury Consumer Market
The luxury goods market is a genuinely global market; this poses a challenge for both the lux...
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