Investment Strategy
Luxury Economy

China can no longer backstop the luxury-retail business. Nationwide, consumption as a percent of GDP was about 65% before the pandemic. It now hovers near 30%. Shopkeepers are trying to put a positive spin on the economy. Still, they are hemorrhaging cash. https://t.co/wds98w30ZA

— World Oculus (@wcl_markets) March 16, 2025

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