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":"232513d17b2b69eea19717de8bb3ea55","s":"0b5eed7e6c2f3d7c"}
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