China Overtakes U.S. as top Luxury Buyers

Chinese consumers have overtaken U.S. shoppers this year to become the world’s biggest buyers of luxury goods, accounting for 25 percent of global sales through purchases at home and overseas, consultancy firm Bain & Co. said.
How China's Slowdown Will Impact Australia's 2Q GDP
04:13 - Nomura Australia Executive Director and Rate Strategist Andrew Ticehurst discusses Australia's economy and what we can expect when GDP figures are released later today. He speaks to Bloomberg's Angie Lau on "First Up." (Source: Bloomberg)
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