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First revenge buying, then panic selling. Is China’s luxury fever cooling down?

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 Chinese HNWIs are selling their Rolex and Hermès to raise quick cash. As the economy tumbles, is luxury really recession-proof? Image credit: Shutterstock

 

By Lisa Nan

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