Chinese shoppers walk through a popular shopping mall in Beijing.
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China's luxury shoppers are becoming more selective as the trade war rattles the world's second-largest economy, shunning big ticket items like pricey cars but continuing to snap up handbags and champagne. That split has been on display this week, with Jaguar Land Rover saying it will shut down production at a U.K. factory for two weeks after reporting a 46 percent slump in China sales, coming after luxury carmakers BMW AG and Daimler AG issued profit warnings also on flailing Chinese demand. New home sales during China's recent Golden Week holiday, too, were the lowest since at least 2014, according to China Securities Co.Chow Tai Fook Jewellery Group Ltd., the world's biggest jewelry retailer by revenue, notched double-digit sales growth in mainland China and Hong Kong for the three months ended June.
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