Wealthy Chinese are buying more luxury — but not at home. A report from the Beijing-based World Luxury Association found that luxury spending in China last month fell to its lowest level in five years. Affluent Chinese spent $830 million on luxury goods in China — half of what they spend last year. The month included the important Chinese New Year holiday, which is critical for Chinese tourism and spending. The report predicts the Chinese luxury market is slowing from double-digit growth to single-digit growth. (Read more: Why Luxury Brands Are Celebrating Chinese New Year) But that doesn't mean the Chinese weren't ... (full story)