Chinese people are all downgrading their consumption！Luxury goods go unnoticed

Chinese people are all downgrading their consumption！Luxury goods go unnoticed
In this video, we delve into the reasons behind the consumption downgrade among Chinese people and the true challenges facing the luxury goods market. With the impact of bank card limits, ordinary consumers' purchasing power has significantly decreased, creating a severe impact on the luxury market. We also analyze the sluggish freight industry and the reasons behind the closure of many long-established brands that once thrived for decades.
Additionally, we discuss key considerations for economic changes in 2024 and the impact of foreign capital withdrawal on ordinary workers. This economic downturn has brought numerous challenges, with traditional malls and brands facing unprecedented difficulties. Understanding these economic trends is crucial for ordinary people. We offer practical advice on how to handle bank card limit restrictions and explore the far-reaching effects of foreign capital exit from the market.
Watch our detailed analysis to understand the combined impact of consumption downgrade, the luxury goods market, economic changes, and foreign capital withdrawal on the Chinese market!