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Bad news for Chanel, Gucci as China's boom times end

Boom times for luxury in China are largely over after the recent stock market rout and currency devaluation, the New York Times reports.
Source: The New York Times | By: Hiroko Tabuchi and Amie Tsang
Yuan drops, luxury shopping stops for Chinese tourists

Big-spending Chinese tourists fear their wings will be clipped if Tuesday's shock yuan devaluation develops into a deeper dent in their spending power.
Source: Reuters