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":"9492efe93ed9843cfbea2faf2f99b16b","s":"39f8cd9fa710c864"}
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