HONG KONG -- A slowing Chinese economy does not seem to have stopped consumers from buying luxury goods, but they are increasingly spending their money not in upscale boutiques overseas but at local shopping malls.
LVMH -- the world's largest purveyor of luxury goods, with brands like Louis Vuitton and Hennessy -- saw sales growth accelerate in China during the last three months of 2018, even as economic growth dropped to the lowest annual pace in 28 years.
