Will China’s volatile stock market take further toll on luxury consumption?
The recent stock market crash isn't expected to have a significant effect on the luxury goods market as many Chinese see the stock market as a casino and therefore it does not affect their disposable income.&nbsp;Avery Booker, partner at China Luxury Advisors, said "luxury purchases have become a way of life for millions of Chinese shoppers, and broader macroeconomic trends generally won&rsquo;t have an impact on younger consumers in particular".
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The Chinese stock market fluctuations that have occurred over the last few weeks may have a ripple effect on luxury brands that are currently facing challenges in the country.