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Luxury in China loses luster as wealthy flee

A woman shops in a Louis Vuitton store during Vogue's 4th Fashion's Night Out: Shopping Night with Celebrities in downtown Shanghai in this September 7, 2012 file photograph. REUTERS/Carlos Barria/Files

A woman shops in a Louis Vuitton store during Vogue's 4th Fashion's Night Out: Shopping Night with Celebrities in downtown Shanghai in this September 7, 2012 file photograph. REUTERS/Carlos Barria/Files

A woman shops in a Louis Vuitton store during Vogue's 4th Fashion's Night Out: Shopping Night with Celebrities in downtown Shanghai in this September 7, 2012 file photograph. REUTERS/Carlos Barria/Files
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Shoppers pose for a picture in front of a Chanel luxury boutique at the IFC Mall in Shanghai in this June 4, 2012 file photograph. REUTERS/Carlos Barria/Files

Shoppers pose for a picture in front of a Chanel luxury boutique at the IFC Mall in Shanghai in this June 4, 2012 file photograph. REUTERS/Carlos Barria/Files

Shoppers pose for a picture in front of a Chanel luxury boutique at the IFC Mall in Shanghai in this June 4, 2012 file photograph. REUTERS/Carlos Barria/Files
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