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":"52557e1d489d2753fd78e67b7e7d3cc7","s":"24d10f54babca1e1"}
Share your thoughts. Click here