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 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
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.