China property slowdown tipped to hit luxury consumption

Oct 31, 2011

Magdalene Miller, manager of SLI’s China Equities fund, expects China’s nouveau riche to ease luxury spending as the property market softens.

China property slowdown tipped to hit luxury consumption

China’s nouveau riche are being tipped to slow spending on luxury goods amid expectations of a softening domestic property market, where many of them accumulate their wealth.

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