Recently Released Market Study: Luxury Writing Instruments and Stationery in China
Luxury writing instruments and stationery posted single-digit growth of 7% in 2013, which was slightly lower than the growth in 2012. The increase in overseas purchases and the strong implementation of anti-corruption policies resulted in a slowdown in the growth momentum. Continued growth in overseas travel and the wider price gap due to the appreciation of the renminbi drove Chinese people to purchase abroad. The Chinese government promulgated new policies to restrict government spending on...
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