French luxury giant LVMH has expressed full confidence in the Chinese market despite sluggish consumption in the world’s second-largest economy, promising continued investment in what it calls “the beating heart of global luxury”.
“The future of luxury is being shaped here, in China, with China and with our Chinese clients,” said Marc-Antoine Jamet, LVMH’s secretary general, in Paris before heading to the annual China International Import Expo (CIIE) in Shanghai.
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