The timing is exquisite. Just a day after China’s government said the country had entered a period of slower growth, along come two companies from opposite ends of the consumer goods spectrum (both French) to illustrate what the change means. Feeling the pain is LVMH, the luxury conglomerate. First quarter sales in Asia (outside Japan) grew by 12 per cent. That is not bad, but it is a slowdown from the 17 per cent growth reported in the same period in 2012.
真是無巧不成書。在中國政府宣告經濟進入較慢增長期短短一天之后，分處消費品行業光譜兩端的兩家法國公司，就向外界展示了這一變化意味著什么。感到痛苦的是奢侈品集團路威酩軒(LVMH)。今年第一季度，該集團在亞洲（不含日本）的銷售額增長了12%。雖然這是不錯的業績，但較2012年同期17%的增速有所放緩。
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