Luxury brands cope with slower China growth

06/20/2014 | CNBC

Sales of luxury goods in China rose 2% last year, down from 7% in 2012, and analysts say an uncertain global economy and a government anti-corruption push is likely to push high-end sales down even further in 2014. The picture is brighter long term, as China's population of private-sector millionaires grows faster than those in the rest of the world.

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