What Chinese consumers want: HSBC

SINGAPORE (Sept 8): Chinese consumers, who account for about 40% of luxury sales globally, seem to have reduced their expenditure on luxury goods as of late.

Despite this, HSBC Global Research does not view this trend as a structural shift.

The research house instead views it as a tendency to postpone spending rather than to spend less. This is due to a combination of higher perceived threats to global travel and economic uncertainty, which has put pressure on the “feel good factor” that fuels luxury purchases.

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