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1、Foryears,French,ItalianandAmericanluxurybrandshavethrivedasChina'smiddleclassdevelopedatasteforhigh-endfashionandjewelry.ButthatsalesboomisebbingbasedonthedisappointingresultsmanyWesternluxuryretailershavereportedoflate,thoughmuchsuggeststhisslowdownwillbeshort-liv
2、ed.Lastyear,Chineseluxurysalesfell1%comparedto2013at115billionRMB($18.5billionatcurrentrates),accordingtoareportbyBain&Co.AslowingChineseeconomyandagovernmentcrackdownongraftandgift-givingthatwasparticularlybrutalonthewatchindustryismostlytoblame.FrenchluxurybrandH
3、ermessaidwatchsalesfell11%inlargepartbecauseofChina,andthecompanyisexpectingoverallgrowththisyeartoremainslowcomparedtorecentaverages-Meanwhile,PradasaiditexpectsthetoughtimesforluxurytocontinueafteritsChinasalesfell4%in2014.Atthesametime,Hermes,knownforitshighlyco
4、vetedBirkinbagsandhorse-themedsilkscarvesthatgoforthousandsofdollarseach,hascontinuedtoexpanditsstoresinChina.ThatincludesitsflagshipMaisonHermesinShanghaiafewmonthsago.Why?BecausethereisampledatatosuggestthatluxurycurrentslowdowninChinaisbutaspeedbump.Accordingtoa
5、newreportbytheEconomicIntelligenceUnitsponsoredbyCitigroup,China，swealthywillhavedoubletheassetsoftheirU.Scounterpartwithinfiveyears.By2020,thefinancialassetsofChineseworth$100,000to$2millionwillreach$53trillion,comparedto$27trillionintheUnitedStates,accordingtothe
6、report.ThatmeansalotofpeoplewillbewantingtoshopatPrada,GucciandTiffany&CoTIF0.35%andbuyingexpensiveEsteeLauderEL0.58%beautyproducts.Andsuchcompaniesarehappytooblige.FashioncompanyMichaelKorsKORS-0.25%,whichisjustgettingstartedwithitsChinaexpansion,recentlysaidsales
7、thereare"startingtotakehold.”Kors，archrivalCoachCOH0.17%，whichplansseveralnewstoresinChina,sawitssalesthererise13%initsmostrecentquarter.TiffanyisfullsteamaheadwithitsChinaexpansiondespitedisappointingnumbersovertheholidaysatitsHongKongstores,afavoritehauntofmainla
8、ndcustomers.OtherWesterncompanies,includingnon-luxurybrands,alsohavebigplansforChina.GapIncGPS-0.58%,whosebrandsincludeOldNavy,planstoopen40newst
