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1、2024 China Luxury Goods Market:Navigating Turbulent WatersThis work is based on secondary market research,analysis of financial information available or provided to Bain&Company and a range of interviews with industry participants.Bain&Company has not independently verified any such information prov

2、ided or available to Bain and makes no representation or warranty,express or implied,that such information is accurate or complete.Projected market and financial information,analyses and conclusions contained herein are based on the information described above and on Bain&Companys judgment,and shoul

3、d not be construed as definitive forecasts or guarantees of future performance or results.The information and analysis herein does not constitute advice of any kind,is not intended to be used for investment purposes,and neither Bain&Company nor any of its subsidiaries or their respective officers,di

4、rectors,shareholders,employees or agents accept any responsibility or liability with respect to the use of or reliance on any information or analysis contained in this document.This work is copyright Bain&Company and may not be published,transmitted,broadcast,copied,reproduced or reprinted in whole

5、or in part without the explicit written permission of Bain&Company.Authors and acknowledgmentsBruno Lannes is a senior partner in Bain&Companys Consumer Products and Retail practices for Greater China,located in Shanghai.He can be contacted at .Weiwei Xing is a partner in Bain&Companys Consumer Prod

6、ucts and Retail practices for Greater China,located in Hong Kong.She can be contacted at .Emma Gu is an associate partner in Bain&Companys Consumer Products and Retail practices for Greater China,located in Shanghai.She can be contacted at .The authors would like to express their gratitude to Sijie