Bain report: The decline in luxury goods consumption in China in 2025 will narrow, achieving moderate growth in 2026.

The "2025 China Personal Luxury Goods Report" released by consulting firm Bain shows that by 2025, the sales of personal luxury goods in mainland China will decline by 3%-5% compared to the previous year, a narrower decline than the 17%-19% decrease in 2024. Bain predicts that the Chinese personal luxury goods market will achieve modest growth in 2026, but will continue to maintain its foundational role in the global luxury goods market.