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":"68f41b01c98e17f8454bef0cbf62a19d","s":"8bfed0f7f80b4993"}
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