Customers enter a Gucci store at Sanya International Duty Free Shopping Complex on June 28, 2023 in Sanya, Hainan Province of China. (Photo by Jiang Qiming/China News Service/VCG via Getty Images)
Chinese consumers' belts have been tightening as the economy falters.
  • Chinese Gen Z shoppers are prioritizing craftsmanship and brand stories over luxury labels.
  • Experts say this generation values sustainability, slow living, and mindful consumption.
  • Gen Z's preference for understated luxury aligns with China's crackdown on flashy wealth displays.

Chinese buyers continue to be passionate about luxury goods.