While the consensus among seasoned China watchers is that Beijing is better ... Wang Pengfei, the handbag seller, is just hoping to ride out the storm. But others won’t be so lucky.

Major European luxury brands started to enter China three decades ago. For the emerging middle class and upper classes, bags, belts, shoes and suits were an object of longing and a way to show off ...

At the same time, when people buy a bag this year in China, they pay extra attention to practicality and what scenarios it ...