Research
February 24, 2023
Most surveyed global consumers intend to reduce their consumption in the next six months. China’s luxury market is set to buck that trend. Image credit: Shutterstock
{"ct":"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","iv":"cf77e096acbc6a72a96f23be5fba9ae0","s":"ec93a2dc2f8e8454"}
Share your thoughts. Click here