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Retail

Decrease in Chinese philanthropy among affluents could indicate tightened wallets in 2017

June 13, 2017

The largest section of luxury consumers are based in China, but most buy luxury goods outside the country. Image credit: Wikimedia

 

By Danny Parisi

Overall donations to philanthropic efforts in China decreased this year by 45 percent, suggesting that wealthy Chinese customers may be feeling a bit more reticent with their cash.

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