Hey big spenders! China’s richest consumers will keep splashing out on luxury goods even as economy slumps, Bain says

Source: China – South China Morning PostChina’s wealthiest consumers will continue to splurge on expensive bags and watches as the economy reopens, even as middle-class shoppers refrain from buying big-ticket items, unnerved by worries about their job prospects and wages, says Bain & Company.Read More