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":"14d7803194757db9d6439c445d8b0e3b","s":"34aa8a94467698c3"}
Share your thoughts. Click here