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Government

China denounces money worship to luxury’s chagrin

November 17, 2021

The Chinese Communist Party recently denounced the country’s money worship, extreme individualism, and corruption. But will that affect luxury there? Image credit: Shutterstock The Chinese Communist Party recently denounced the country’s money worship, extreme individualism, and corruption. But will that affect luxury there? Image credit: Shutterstock

 

By Adina-Laura Achim

According to a document published by People’s Daily, The Chinese Communist Party (CCP) recently denounced the “money worship, extreme individualism,” and corruption it says has blossomed since the country opened 40 years ago.

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  1. Kering to acquire jewelry manufacturer Raselli Franco Group
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