Marketing
November 5, 2021
Most Chinese millionaires expect to increase their luxury spending in early 2022. Image credit: Valentino
By Sarah Ramirez
While China’s affluent have led luxury’s recovery from the COVID-19 pandemic, their optimism seems to be waning nearly two years after the start of the global health crisis.
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","iv":"1a9a0b5ad6639764f98203f5169f6b0d","s":"719008f69bc4ff5f"}
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