Luxe Christmas decorations can be purchased for less than $50

In this Dec. 11, 2017, file photo, people hold up the festive Christmas tree decorated with the image of a man dressed as Santa Claus, in Shanghai, China.

People are buying cheap Christmas decorations for less, making them more affordable for a lot of Chinese, said Yu Qian, a real estate agent and real estate broker in Shanghai.

China is a world leader in buying and selling luxury goods and products, with many of its exports, such as cars, smartphones and electronics, becoming increasingly valuable.

But its wealth is shrinking, with more than 80 percent of households earning less than 60,000 yuan ($9,500) a month.

The country’s economy is suffering from the global financial crisis, but its manufacturing sector, one of the country’s main export sectors, has been doing well in recent years.

But the government has been struggling to make it work as many people feel they are not getting a fair share of the benefits.

The number of workers in the country fell by 4.5 million between January and August, from an average of about 1.2 million per month in the fourth quarter of 2016, the most recent figures available, according to official data.

The government said it had cut the workforce by about 1 million workers over the same period.