SHANGHAI — The luxury market in China is expected to regain momentum in 2014 as Mainland consumer tastes and spending habits continue to become more sophisticated, according to a new luxury forecast released by communications agency Ruder Finn in partnership with Ipsos Group, a market research firm.
The sales of luxury goods have slumped in China in recent months amidst slowing economic growth in the country and a government-led antigraft campaign, which has curtailed the purchase of high-priced goods as bribes between officials and their business associates.
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