Beauty Wins and Watches Lose as Chinese Shoppers Get Picky with Their Purses
China’s personal luxury market spent 2025 in a state of “recalibration,” which is essentially corporate-speak for everyone collectively deciding to stop panic-buying handbags and start asking if that fifth leather tote is actually worth the price of a small car. According to the latest deep dive from Bain & Company, the market contracted by about … Read more