{"id":136334,"date":"2025-09-11T22:00:14","date_gmt":"2025-09-11T22:00:14","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=136334"},"modified":"2025-09-11T22:00:14","modified_gmt":"2025-09-11T22:00:14","slug":"chinas-cash-conscious-consumers-force-europes-luxury-giants-to-think-small","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=136334","title":{"rendered":"China\u2019s cash-conscious consumers force Europe\u2019s luxury giants to think small"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostIn the Paris boutique of a Swiss luxury watchmaker, a Chinese customer anxiously discusses a credit card payment with her bank. After hours of back and forth, it finally goes through \u2013 to everyone\u2019s relief.<br \/>\n\u201cThings like this rarely happened before,\u201d a salesperson at the store said, explaining how the card of the female customer was repeatedly declined as she tried to purchase a \u20ac25,000 (US$29,126) watch.<br \/>\nThe salesperson has also noticed a decline in spending by Chinese customers, ceding their&#8230;<a href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3325232\/chinas-cash-conscious-consumers-force-europes-luxury-giants-think-small?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostIn the Paris boutique of a Swiss luxury watchmaker, a Chinese customer anxiously discusses a credit card payment with her bank. After hours of&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/136334"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=136334"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/136334\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=136334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=136334"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=136334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}