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China luxury market to grow 20-30pc this year: BCG-Tencent

Power of China's economic empire: Shanghai skyline at night Power of China's economic empire: Shanghai skyline at night

 

The Chinese luxury market is set to grow from 20 percent to 30 percent this year as it becomes the main battleground for each major luxury brand to nab a piece of the only large country relatively unscathed by the COVID-19 pandemic.