China’s Luxury Market Contracts for First Time in Five Years
China’s luxury market contracted 10% in 2022, ending a five-year streak of growth as Beijing’s “zero-Covid” policy and a slowing economy hit spending
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China Tourism Group Duty Free (1880 HK)
China Tourism Group Duty Free (1880 HK)
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Analysis
Consumer Discretionary • China
China Tourism Group Duty Free Corporation Limited is a state-owned enterprise primarily engaged in the retail of duty-free and tax-bearing travel commodities, including luxury items, cosmetics, tobacco, and alcohol. It operates numerous retail outlets across airports, border crossings, and downtown areas, and also develops tourism retail complexes. The company was established in 1984 and is headquartered in Beijing, China.
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