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":"d5381b1274d9086a256acbaa57c77e25","s":"6b24113e365310f3"}
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