China economy
Analysts forecast accelerated growth for the global luxury sector in 2026, with China’s consumer spending rebound as a key driver despite challenges from a volatile property market and oil shocks from the war in Iran. HSBC, Deutsche Bank and BNP Paribas predict global sales growth of 5.5 to 6 per cent.
Reported by AI
China's state-run Economic Daily has published back-to-back front-page editorials rejecting claims that its economy is losing steam and causing a global 'China shock 2.0'. The outlet argues that rising protectionism, not China's strong exports, is the real global economic problem. It describes the 4.5 to 5 per cent growth target as a 'reasonable range'.
March 22, 2026 09:34