Caution over luxury item spending amid economic woes
By Sophie He in Hong Kong | China Daily | Updated: 2012-09-07 07:43
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A Cartier outlet in Nanjing, Jiangsu province. Mainland consumers are less eager for jewelry and expensive hand bags, says a joint research by Ipsos and Ruder Finn. An Xin / For China Daily |
Both mainland visitors and local residents plan to cut back their spending on luxury items amid rising economic uncertainty, according a survey by global research firm Ipsos and communication firm Ruder Finn.
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