Luxury sales plunge in China as tax push hits rich shoppers
Luxury sales plunge in China as tax push hits rich shoppers Updated: 2026-08-22 21:20:51 | Source: timesofindia.indiatimes.com China’s luxury market slumps as tax crackdown on offshore wealth hits spending by the country’s richest consumers Global luxury brands are facing a deepening sales slump in China, as the country’s campaign to tax offshore wealth sends ripples…