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":"86b0afabd84eaa744e3a0e87765a9ef3","s":"76c4d0a1f863dc1f"}
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