Retail
August 24, 2022
Chinese HNWIs are selling their Rolex and Hermès to raise quick cash. As the economy tumbles, is luxury really recession-proof? Image credit: Shutterstock
{"ct":"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","iv":"5dedb4c8e5772b7d82d9394f991b6f9e","s":"67e39d6423ec88ce"}
Share your thoughts. Click here