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China's crackdown hits luxury Cognac has become the latest casualty in China's war on corruption, a nationwide crackdown that has squeezed the country's once plump luxury goods market. Shipments of the French brandy to Asia, in particular China, have fallen sharply in the past year. Both the volume sold and the total value of shipments dropped around 20 per cent, according to French based trade group National Interprofessional Bureau of Cognac (BNIC). The Chinese slowdown played a major part in an replica louis vuitton overall decline in global sales of cognac, with shipments down nearly 7 per cent in the past year and total value Designer Louis Vuitton Replica Handbags falling 10 per cent, the BNIC said. And that came after three years of record sales. The decrease hasn't been driven by a change in consumer tastes, replica louis vuitton bags from china but rather the Chinese government's efforts to stamp cheap louis vuitton bags from china uk out exorbitant spen