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":"9a76a6d3b323ed16a6b42efe17732240","s":"70bbcbcb33ba474c"}
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