Investors may reassess the prospects of the two Asian economies as Beijing dismantles its anti-pandemic policies
More Chinese Luxury Shoppers Prefer to Buy Overseas - Bloomberg
How to Invest in Handbags, the Luxury Asset Most Likely to Hold Value - Bloomberg
China home prices fell at the fastest pace in almost a year in September, adding to doubts over whether Beijing’s steps to prop up the property market are enough to revive the sector.
China's Home Prices Drop at Faster Pace in Blow to Sentiment - BNN Bloomberg
Luxury-goods makers' ability to drive double-digit sales and earnings growth in 2023 is partially dependent on China reopenings.
Big luxury goods most resilient on China wait: 5 charts for 2023, Insights
July’s data left no doubt: China is now clearly dealing with a deflation threat. Consumer and producer prices fell together for the first time since 2020, adding to concerns about the health of the world’s second-largest economy. News that China’s prices are falling may be somewhat jarring, given the inflationary pressures in many other parts of the world. But the unique factors contributing to China’s problems are deep and ingrained. Solving them may not be an easy fix.
Deflation in China: Why Prices Are Falling and What Beijing Can Do - BNN Bloomberg
Chinese smartphone shipments fell 2.1% in the second quarter, extending a market decline that may persist throughout 2023, research house IDC said.
Chinese Smartphone Market May Remain Weak Through 2023, IDC Says - BNN Bloomberg
China’s economy was meant to drive a third of global economic growth this year, so its dramatic slowdown in recent months is sounding alarm bells across the world.
China's Worsening Economic Slowdown Is Rippling Across the Globe - BNN Bloomberg
The family behind Chanel pocketed a US$5 billion windfall last year as surging global demand for its luxury products lifted one of the world’s biggest multigenerational fortunes to new heights.
Chanel owners get US$5B in dividends as sales of luxury goods boom - BNN Bloomberg
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Manulife Sees BOJ Avoiding Rate Increases as Global Growth Slows - BNN Bloomberg