Business Analysis
According to Richemont’s financial report released this week, Chinese consumers scaled back on luxury spending in the last quarter of 2024 amid broad economic weakness ahead of the new lunar year.
A Cartier store in Beijing on May 8, 2015. Greg Baker/AFP via Getty Images
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”
