ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Chinese luxury goods sales soar as wealth perceptions rise

Growing middle class and weak yuan encourage local spending

| China
 (placeholder image)
Chinese luxury spending failed to increase only in the fine wines and spirits segment.   © Reuters

Demand for luxury goods in China is showing signs of growth for the first time since President Xi Jinping embarked on an austerity and anti-corruption campaign in 2013.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more