China’s luxury market is undergoing a shift as the post-Covid boost fades, with analysts urging brands to focus on innovation and lower-tier city expansion.
Sweeping tariffs and the battle for AI supremacy are at the forefront of China’s concerns regarding Trump’s presidency.
The ban targets one of the world’s largest textile manufacturers, forcing fashion brands to review their supply chains.
Hainan’s duty-free market faced a 29% sales drop in 2024 due to fewer tourists and overseas competition.
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