Luxury shoppers in China are still buying bags, but not BMWs

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SYDNEY: China’s luxury shoppers may be shunning pricey autos, but they’re still finding an appetite for handbags and champagne as the trade war plays out unevenly across the country’s high-end retailing landscape.

Report cards from LVMH, home of Louis Vuitton leather goods and Dom Perignon champagne, as well as casino operators in Macau offer signs that the trade fight with the US and the accompanying economic slowdown aren’t entirely derailing the China-led boom in top-end retail.