Luxury Goods Face a Rocky 2017
China's GDP growth has slowed, hurting luxury product sales, and tensions under a Trump administration could make the luxury market there worse.
Luxury goods companies could face a rocky 2017. Last year, China's GDP grew at the slowest rate since 1990, with Xi Jinping, the country's president, saying that "China's economy faces downward pressure and many difficulties."
There is also concern about U.S.-China relations under a Trump presidency, after the president-elect challenged China over what he called currency manipulation and unfair tariffs.
These two issues combined could cause problems for companies who rely on a growing appetite for European goods in China to boost sales.
