Western brands under pressure as 'pre-owned' luxury booms in China随着中国二手奢侈品市场蓬勃发展，西方品牌面临压力。
With China's economy still struggling to recover from the pandemic, even global fashion icons are beginning to feel the pinch as consumers turn instead to the second-hand market or buy upstart new homegrown brands.
A customer browsing second-hand luxury goods at the Zhuanzhuan superstore in Shanghai on Oct 14. -- PHOTO: AFP
SHANGHAI (AFP): With China's economy still struggling to recover from the pandemic, even global fashion icons are beginning to feel the pinch as consumers turn instead to the second-hand market or buy upstart new homegrown brands.
Chinese were once massive buyers of luxury Western brands, accounting for around a third of worldwide spending and earning firms such as LVMH and Hermes billions of dollars.
Thank you for your report!
Vocational education supplies nearly 10 mln skilled workers annually in China: white paper
Roundup: Australian political, business leaders call for stronger economic ties with China
China keeps extending the Shenzhen Apec deadline. Why are US execs so unenthused?
10月14日，一名顾客在上海转转超市浏览二手奢侈品。——图片：法新社
上海（法新社）：由于中国经济仍在努力从疫情中复苏，就连全球时尚偶像也开始感受到压力，因为消费者转而转向二手市场或购买新兴的本土品牌。
中国人曾经是西方奢侈品牌的主要买家，约占全球消费总额的三分之一，为 LVMH 和爱马仕等公司赚取了数十亿美元。
感谢您的报告！
白皮书：职业教育每年为中国输送近1000万技术工人
综述：澳大利亚政商领袖呼吁加强与中国的经济联系
中国一再推迟深圳亚太经合组织峰会的最后期限。为什么美国高管们如此缺乏热情？