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.
{"ct":"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","iv":"6207022cd954c9e245df9bf626ebe923","s":"e1ff6d39604c7a99"}
Share your thoughts. Click here