China'S Economic Growth Rate Slows Down To Reduce Luxury Purchasing Power

With China's economic slowdown, the world

The sales market is considered to be hit hard.

Can China's emerging Asian countries be represented by China?

Under the circumstances, the continued development of the luxury market has become the focus of investors' attention.

However, foreign media quoted the views of the western industry that the global luxury market still maintained a positive momentum of development, and the outlook for Asian economies was also promising.

"The retail industry in Hongkong is obviously dragged down by the slowdown in China's economy," according to official statistics from Hongkong. Hongkong's retail industry, especially the luxury goods sales industry, has been frustrated for many years.

Although retail revenue in May has reached HK $36 billion (about 29 billion 470 million yuan), an increase of 8.8% over the same period last year, this is the least increase since 2009, excluding the Chinese lunar calendar in January and February.

Broadcasting British Corporation analyzed 4 days ago that the Chinese government expects that the target of economic growth in 2012 is 7.5%.

Economists from the world bank point out that Europe and the United States

The impact on China and China's current prudent policy on borrowing and investment prompted them to lower China's economic growth this year.

However, Western investors are optimistic about the subsequent driving force of Asian consumers, including China, to the global luxury market.

The growth rate of global luxury goods industry will drop from 35% in 2011 to 20% this year, the financial times 4 quoted HSBC analysts as saying.

HSBC believes that "the number of consumers who can afford luxury goods will grow slowly, and sales channels will continue to expand to the East".

Christian bass, a retail analyst at Credit Suisse, told reporters on the 4 day that demand growth in the Asian region has truly become the engine of stimulating consumption in the global luxury industry, and this is not limited to China, but the development of other emerging markets is also very fast.

At present, market investment analysts are generally optimistic about the investment projects of Asian sovereign wealth funds in the international luxury market.

Like the investment portfolio of the Qatar Investment Bureau, it was previously owned by London Harold department store and French Louis Weedon company, and these two companies have already become household names in Asia.