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":"6f9a29f583f8b7d8272412cc5dd01dea","s":"5a748026ccdcd0c5"}
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