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Chinese Consumers Are Still Under Pressure. Why Barclays Says It’s Time to Buy LVMH Stock.

Chinese Consumers Are Still Under Pressure. Why Barclays Says It’s Time to Buy LVMH Stock.

Luxury brands have taken a hit from China’s sluggish economic recovery. Luxury brands grew increasingly dependent on high-spending Chinese tourists over the course of the 2010s. Part of that decline stems from the fact that Chinese tourists, who accounted for a significant part of that spending, are choosing to travel closer to home rather than to far-flung destinations.