China Welcomes Foreign Investment At Davos, Grapples With Shrinking Population
China's reopening announcement comes as luxury brands seek to reengage and win back local consumers after reporting falling sales in Q4 2022.
China’s reopening announcement at Davos comes at a time when luxury brands are hoping to win back consumers post-pandemic lockdowns. Meanwhile, the country faces a looming crisis due to population shrinkage. Photo: World Economic Forum/Faruk Pinjo
China’s reopening announcement at Davos comes at a time when luxury brands are hoping to win back consumers post-pandemic lockdowns. Meanwhile, the country faces a looming crisis due to population shrinkage. Photo: World Economic Forum/Faruk Pinjo