China's luxury big spenders: young, trendy and not so rich
March 15, 2015 at 17:00 PM EDT
SINGAPORE, March 16 (Reuters) - Global luxury brands expanding in China are better off targeting the HENRYs - "high earners, not rich yet" - instead of the ultra-wealthy, as a slowing economy and a government that frowns on official excesses usher in an era of less showy spending.