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":"e0f55d981460bc8f215469a714820869","s":"b9acdcf4e967229b"}
Share your thoughts. Click here