China's 'Bling Dynasty' swept by change of pace, place and face

THE downturn in the China domestic luxury market has meant troubling times for retailers, but buyers are still there - they just need to be reached in the right way

Equity markets in China have fallen back to Earth. This comes amid a general economic slowdown in mainland China and an ongoing anti-corruption drive.

What does it all mean for the luxury industry in China? Will things return to normal? Likely not, but that doesn't mean luxury brands should lose heart. Rather, they should get smart.

First, assessing the potential damage on luxury goods spending caused by th…