7.9%

China’s economic growth in the fourth quarter.

on luxury goods, according to consulting firm Bain & Co.

When China’s economic growth slowed to a threeyear low in the middle of last year, luxury demand dropped suddenly, sending shudders through a global market worth $ 280 billion last year according to Bain’s estimates. Burberry warned of weak sales in July and again in September, sparking fears of a sector- wide slump.

But as China’s growth picked up to 7.9 per cent in the fourth