CORRECTION / This picture taken on October 14, 2026 shows a customer browsing purses among secondhand luxury goods at the Zhuanzhuan superstore in the Jing'an District in Shanghai. Chinese were once massive buyers of luxury Western brands, accounting for around a third of global spending and earning firms like LVMH and Hermes billions of dollars. But with the Asian powerhouse's domestic economy in the doldrums, people are tightening their (designer) belts, buying "pre-owned" Western brands or upstart new Chinese ones. (Photo by CN-STR / AFP via Getty Images) / To go with 'CHINA-LIFESTYLE-ECONOMY-FASHION-RETAIL,FOCUS' by Emily WANG / "The erroneous source appearing in the metadata of this photo has been modified in AFP systems in the following manner: [CN-STR] instead of [AFP]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require."