China is booming — and French luxury houses like LVMH and Hermès are reaping the benefit.
"The reopening has come off more positively and with less hitches than anyone had hoped," Morning Consult economic analyst Jesse Wheeler tells Axios. "Consumers are out there spending."
With Chinese adults saving almost one in three earned dollars in 2022, "there’s a lot of excess savings in consumers’ bank accounts," says Wheeler.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
French protesters storm headquarters of luxury goods company LVMHThe French president and his government argue the new law is needed to ensure that France’s generous pension system does not go bust.
Consulte Mais informação »
Zeekr launches Zeekr X, targeting both China and EuropeThe car is intended for China's luxury automotive market, which German automakers have historically dominated.
Consulte Mais informação »
French economic minister assures US its oldest ally isn't snubbing them with China overtureBruno Le Maire reacts on 'Special Report' to criticism of French President Emmanuel Macron from the United States of America following his comments on China.
Consulte Mais informação »
In Paris, Protesters Against Macron’s Pension Plan Storm the LVMH HeadquartersBreaking: LVMH headquarters in Paris stormed by French protestors. Around 42,000 people are reported to have hit the streets in protest of Macron’s policies.
Consulte Mais informação »
LVMH CEO Bernard Arnault's wealth soared to a record high of $210BLVMH CEO Bernard Arnault's wealth soared to a record high of $210 billion on the same day protestors swarmed the company's headquarters in Paris
Consulte Mais informação »
Pension protestors storm LVMH’s Paris headquartersFrench pension protestors stormed LVMH’s Paris headquarters Thursday morning, following news that the French luxury conglomerate’s share price had rose 4.6 percent in early trading to hit a record high of €875 ($965).
Consulte Mais informação »