Luxury Electronic Gadgets in China: New Research Report Available at Fast Market Research
The growth of luxury electronic gadgets maintained its decelerating trend in 2013. Apart from the economic recession in China, which led to the decline of consumer confidence, the strict implementation of anti-corruption policies, with severe punishments for infringement, directly negatively influenced the development of luxury electronic gadgets. The policies, implemented from October 2012, explicitly stipulated that any purchase of luxury goods with public funds was forbidden. Meanwhile,...
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