Chinese consumers are free to spend again as pandemic restrictions ease, and the luxury industry is waiting for them.
Prior to the pandemic, Chinese shoppers made 70 percent of their luxury purchases abroad.
The EV company is losing ground in a country that makes up 40 percent of its sales.
The long-term health of the industry, however, is in good shape.
Companies are hoping that Chinese consumers will return to buying luxury goods.
In some places, tickets are 10 times what they cost only a few years ago.
The train travels 33 feet in the air at speeds of up to 50 mph.
The French luxury brand pays tribute to its history with a new collectible trunk.
Hong Kong Mega Collector Adrian Cheng Is Building a $1.4 Billion Luxury Shopping Complex in Shenzhen
The real estate tycoon is fronting the bill for 2.4 million square feet of retail, office space and promenades.