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":"79b7e3460d5bb2572ac4a38f73a47992","s":"88596438901a63e1"}
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