China's Luxury Market Slows, Bernstein Warns of Fading Recovery

Analysts at Bernstein have cautioned that the recent uptick in Chinese luxury consumption may have been a brief surge rather than a sustained rebound. Retail sales data and brand performance figures indicate that demand for high‑end goods is plateauing, and the sector may face continued headwinds as the domestic economy remains sluggish and consumer confidence stays muted. The report highlights that luxury brands operating in China have seen declining sales growth in the past quarter, suggesting that the momentum seen earlier in the year has not translated into a lasting revival.