Sluggish lux business has yet to touch developer

China's luxury market continues to slow but a major developer offering retail spaces for designer items is seemingly untouched.

Florentia Village outlet in Wuqing, a district linking Beijing and Tianjin, saw a 25percent rise in its annual sales last year, reaching revenues of 2.18 billion yuan ($351 million), the company said in a statement. Last year, there were 4 million visitors at the outlet that turned four on Saturday.

"Honestly, we are not affected (by the recession in luxury industry).We are growing quite sharply," Maurizio Lupi, managing director of RDM Asia, joint developer and operator of the Florentia Village outlets, told China Daily.