Bags of confidence in China

“Analysts underestimate the Chinese economy – the fundamentals are good. Household spending is still increasing”

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Bernard Arnault

The bullish assessment quoted by The Economist of LVMH boss Bernard Arnault. The magazine also cited a study by Boston Consulting and AliResearch predicting that even if the GDP growth rate falls to 5.5%, China’s consumer economy will expand by $2.3 trillion over the next five years.

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