China luxury consumption intact despite fears of slowdown

20 October 2011 | 1 minute read

Even as fears of a broad-based slowdown sparked by the crippling credit crunch in China continue to make headlines, luxury car maker Audi is willing to double down in the Chinese market. Proof that the demand for high-end products is inelastic and hence intact in the world’s largest automobile market, Audi is making plans to double its production capacity in…

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