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BizFocus: China's luxury sales recover steadily in 2023
CGTN

In CGTN's new series, BizFocus, our anchors and reporters in Beijing and around China will get up close with some of the most dynamic business sectors in China.

After a sluggish performance last year, China's luxury sales have recovered steadily.

A livestream salesperson is working in a studio in Shanghai, China, April 20, 2023. Chen Tong/CGTN
A livestream salesperson is working in a studio in Shanghai, China, April 20, 2023. Chen Tong/CGTN

A livestream salesperson is working in a studio in Shanghai, China, April 20, 2023. Chen Tong/CGTN

A Bain & Companyreport shows China's luxury market dropped by 10 percent in 2022 compared with 2021, suspending five years of consecutive high-speed growth. But since the beginning of 2023, luxury sales have climbed steadily.

A salesperson is showing CGTN around a mall in Shanghai, China, April 20, 2023. Chen Tong/CGTN
A salesperson is showing CGTN around a mall in Shanghai, China, April 20, 2023. Chen Tong/CGTN

A salesperson is showing CGTN around a mall in Shanghai, China, April 20, 2023. Chen Tong/CGTN

Who are these consumers? What's their budget? Where do the online sales go? On April 24, BizFocus takes you for a deeper look into China's high-end consumption market.

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