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Can “revenge spending” save luxury in China?
Posted By
a Luxury Daily columnist
On
March 25, 2020 @ 3:45 am
In Featured,Industry sectors,Retail |
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As the global COVID-19 situation worsens, brands are prioritizing the slow recovery of China’s market. Image credit: Gucci. Illustration: Haitong Zheng/Jing Daily
By
Ruonan Zheng
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","iv":"8220ef05c6598c0061e61115fb2337fd","s":"5b8ba142b2408a89"}