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No price like home: Big spenders reappear in China

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A department store selling luxury brands in Beijing. Kering, owner of Gucci and Saint Laurent, reported Asia-Pacific sales were up 24 per cent in the third quarter as many Chinese buyers stayed home.

Shanghai

CHINA's wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents - a welcome boost for the world's luxury brands.

China's rich make up almost a third of the world's luxury

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