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For your information, you can find below the description of the video Why China's Consumers Are Still Cutting Back on Luxury Spending Despite Stimulus published by the Youtube channel Bloomberg Television:
A report from Bain & Co. shows China's luxury market sales plunging as much as 20% in 2024, as the economic slowdown dented consumer confidence. Weiwei Xing, partner at the consultancy, expects the first half of 2025 to remain difficult for the market, but still sees bright spots. She speaks with David Ingles and Annabelle Droulers on "Bloomberg: The China Show."
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