China's consumers are buying more luxury clothes even as the economy struggles

China’s broader economy may be struggling, but that doesn’t seem to be stopping consumers there from splurging on more luxury clothes.Inflation data out of China on Thursday showed that prices in January dropped a “concerningly low” 0.8% from a year ago, the biggest drop since the tail-end of the financial crisis in the fall of 2009 and the fourth straight month of declines.And despite a bounce this week, China’s benchmark stock index, the SSE Composite CN:510210, has fallen 5.1% so far in 2024 — continuing ...