2012年9月26日星期三

China’s Leadership Quandry for Luxury


  This is a difficult time for luxury brands in China. Sales of jewelry, an indicator of the health sector, fell by 56% compared to the annual growth in 2010 to 45% in 2011 and 16% so far this year. One reason is of course the economic downturn. Another: The transition once-in-a-decade executives from China - at the party in October.

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Give that oil the wheels of the economy represents about 16% of luxury sales in China, according to estimates by CLSA. The leadership transition, the ripple below. Of the top-level decision-makers at all levels of government, which has thrown into confusion A seller of Beijing-based importer of luxury goods, saying the Wall Street Journal summarized the main problem in the industry: "The sales are down, because no one knows who to bribe."

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