{"id":13043,"date":"2007-06-05T16:56:45","date_gmt":"2007-06-05T23:56:45","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2007\/06\/05\/chinas-taste-for-luxury-comes-with-risk-adrian-michaels-in-venice\/"},"modified":"2007-06-05T16:56:45","modified_gmt":"2007-06-05T23:56:45","slug":"chinas-taste-for-luxury-comes-with-risk-adrian-michaels-in-venice","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2007\/06\/chinas-taste-for-luxury-comes-with-risk-adrian-michaels-in-venice\/","title":{"rendered":"China&#8217;s Taste for Luxury Comes With Risk &#8211; Adrian Michaels in Venice"},"content":{"rendered":"<p>From Financial Times:<\/p>\n<blockquote><p>China&#8217;s attraction as a fast-growing market for luxury goods needs to be counterbalanced by its lack of suitable distribution channels and various economic and political threats, say industry experts at a luxury goods conference on Monday.<\/p>\n<p>Stephen Roach, chief economist at <a href=\"http:\/\/en.wikipedia.org\/wiki\/Morgan_Stanley\">Morgan Stanley <\/a>, said one of the largest threats to the luxury goods sector could be the growing bipartisan consensus in Washington to impose <a href=\"http:\/\/en.wikipedia.org\/wiki\/Trade_sanctions\">trade sanctions <\/a> on China. That could prompt a steep decline in the dollar and hurt fashion companies, many of which produce their goods in the eurozone.<\/p>\n<p>There was a &#8220;gathering backlash against globalisation&#8221; especially in the US, Mr Roach told delegates at the FT Business of Luxury Summit in Venice. <a href=\"http:\/\/www.ft.com\/cms\/s\/64f23910-12dd-11dc-a475-000b5df10621,dwp_uuid=9c33700c-4c86-11da-89df-0000779e2340.html\">[Full text]<\/a>\n<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From Financial Times: China&#8217;s attraction as a fast-growing market for luxury goods needs to be counterbalanced by its lack of suitable distribution channels and various economic and political threats, say industry experts at a luxury goods conference on Monday. Stephen Roach, chief economist at Morgan Stanley , said one of the largest threats to the [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[2162,4966],"class_list":["post-13043","post","type-post","status-publish","format-standard","hentry","category-economy","tag-luxury-goods","tag-trade-sanction","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China&#039;s Taste for Luxury Comes With Risk - Adrian Michaels in Venice<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2007\/06\/chinas-taste-for-luxury-comes-with-risk-adrian-michaels-in-venice\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China&#039;s Taste for Luxury Comes With Risk - Adrian Michaels in Venice\" \/>\n<meta property=\"og:description\" content=\"From Financial Times: China&#8217;s attraction as a fast-growing market for luxury goods needs to be counterbalanced by its lack of suitable distribution channels and various economic and political threats, say industry experts at a luxury goods conference on Monday. 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