![Although some brands are still ignoring the gloomy economic outlook, the vast majority of the luxury industry today is better prepared to weather the upcoming crisis than it was a decade ago. Image credit: Jing Daily, Shutterstock](https://cache.luxurydaily.com/wp-content/uploads/2019/11/Jing-Daily-111219.jpg)
Are Chinese consumers moving from spending to saving?
Posted By Staff reports On In Apparel and accessories,Featured,Government,Industry sectors,Retail | No Comments![Although some brands are still ignoring the gloomy economic outlook, the vast majority of the luxury industry today is better prepared to weather the upcoming crisis than it was a decade ago. Image credit: Jing Daily, Shutterstock](https://cache.luxurydaily.com/wp-content/uploads/2019/11/Jing-Daily-111219.jpg)
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