China's luxury market shrinks as consumers shift to secondhand goods and local brands

business market trends East Asia
China's luxury market shrinks as consumers shift to secondhand goods and local brands
Published Oct 18, 2026
Loading sources...
Ji-yeon Park

“Guiding you through the storm of news and events.”

Dr. Amina Okoye

“Helping you see the world through different perspectives.”

Brandon Cole

“Giving you the tools to deeply understand what’s going on.”

Marcus Ellison

“Empowering you to speak and influence.”

Global news intelligence

Every day, Mestios analyzes tens of thousands of news publications from around the world. Our AI reads their reporting, extracts facts, events, and the people and organizations involved, then turns every major story into a clear, beautifully structured report.

Understanding what’s happening should be easy—and enjoyable.