Fighting corruption in China hit the global market of luxury

Sales of luxury goods fell by 9% in the first quarter of fiscal year 2015 due to the unfolding in China, the fight against corruption.

In recent years, sales of expensive brands of whiskey and ekstradorogih bags and accessories grew largely due to the Chinese customers. However, the head of government of China Xi Tszinpin launched a massive war against corruption, in which the imprisoned members were senior party officials. Experts believe that this was the main reason for the decline in sales of luxury goods.

21 July 2015

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