Bulgari CEO eyes India for growth as China luxury demand weakens

Quick Summary:

The country’s oversupply of real estate and excess manufacturing capacity could take several years to be absorbed before the economy bounces back, he said.

US President-elect Donald Trump’s threat to impose new tariffs on China creates additional uncertainty over the economy.

Mr Babin said, however, that he sees little impact on the luxury sector, as most fashion goods imported into China come from European countries like France and Italy.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaFranceIndiaItaly

Topics: Months Enhance Economy Bulgari Babin China India E-commerce First Years Luxury

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-02 @ 08:50:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 392 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 24022447

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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