The Long View | As Luxury Growth Slows in China, Attention Turns to Mass Contemporary

Veronica Chou | Photo: Courtesy Iconix China

HONG KONG, China — According to a closely watched report recently published by Bain & Company, a consultancy, and Italian luxury goods trade organization Altagamma, luxury sales growth in China has started to slow. Consumer spending on luxury apparel, accessories and other personal items is expected to climb by a relatively modest 8 percent in 2012, compared with 30 percent last year, leaving many wondering where future growth

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