The Economic Times

China luxury market trends: Why consumers are shifting to frugal and online shopping

When Beijinger Jacqueline Li first heard one of her favourite luxury department stores in the city was closing, she was shocked -- until she considered how Chinese spending habits have changed in recent years. I think people's spending habits after the pandemic may be more cost-effective and practical,on a pilgrimage to the Galeries on its penultimate day of operations.