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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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