Comments by "Peter Jacobsen" (@pjacobsen1000) on "China’s youth turn their backs on high-end products" video.

  1. People with money will probably still buy luxury goods, it's just that the young generation don't have money (nor do I).
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  2. For years it was China that drove growth in the luxury sector, and China made up a big percentage of total sales. Now that Chinese are spending less, it could have a serious impact on companies like LVMH, Kering and others. Thus, stock prices are down, and they may continue to go down. It will take perhaps a decade before India reaches a level where they can take up the slack, so it could be slim times coming for the luxury industry.
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  3.  @SumTingWong888  Well, I think people know what I mean, even Chinese people.
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  4.  @Furrina89  Now they are, but that will change as society changes.
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