After years of flooding luxury stores from New York to Paris to snap up handbags and watches, Chinese consumers are shopping more at home. High-end names such as Cie. Financière Richemont, Burberry Group PLC and LVMH Moët Hennessy Louis Vuitton are experiencing a surge in sales in mainland China as the government taxes overseas purchases and some luxury brands lower prices in China to bring them closer to those elsewhere.

Source: Wall Street Journal February 05, 2017 13:30 UTC