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August 31, 2015

Global impact if Chinese stop shopping

  • Even before the stock market turmoil, Chinese demand for luxury goods was waning.
  • By SYLVIA HUI and DAVID McHUGH
    Associated Press

    BICESTER, England — The designer outlet mall of Bicester Village is set in the English countryside near Oxford, but it might as well be in China.

    Quiet Mandarin chatter fills the air. Most of the shoppers are Chinese — and so are half the sales assistants.


     
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