Surveillance: Yield Curve with Peters
Bloomberg Surveillance
00:00
The Trends in Luxury Retailing in China
We're definitely seeing a consumer discretionary recession in terms of those products and that market as a whole facing negative trends. At the high, high end, that customer is very strong and robust. It's more that area right below the high end, the aspirational where there's lots of pressure. China will be important for the long term but it'll be fairly volatile as we watch these issues unfold.
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