The recent stock market crash is n't going to have a significant effect on the luxury goods market as many Chinese see the stock market as a casino and therefore it does not affect their disposable income . Avery ##stein , partner at China Luxury Advisors , said " luxury purchases have become a way of income for millions of Chinese shoppers , and broader macroeconomic trends generally won"t have an effect on younger consumers in particular " .
The recent stock market crash isn't expected to have a significant effect on the luxury goods market as many Chinese see the stock market as a casino and therefore it does not affect their disposable income. Avery Booker, partner at China Luxury Advisors, said "luxury purchases have become a way of life for millions of Chinese shoppers, and broader macroeconomic trends generally won"t have an impact on younger consumers in particular".