New-car sales growth has slowed quite a bit in China over the last couple of years, but luxury cars -- like other luxury goods -- have been a shining exception. Now, though, luxury-good makers are under pressure, as China's new president has cracked down on lavishly spending bureaucrats.
Does that spell trouble for automakers like General Motors (GM 1.34%) and Volkswagen (VWAGY 0.37%), which are spending big to bring more luxury cars to China? In this video, Fool.com contributor John Rosevear looks at the state of China's luxury-car markets -- and at whether this crackdown is likely to be a big deal for the big automakers.