With 15,799 Chinese officials being punished in July for violating China’s frugality rules, will China’s post-COVID-19 luxury market take another hit? Image credit: Shutterstock How will China’s frugality code affect its luxury market?
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With 15,799 Chinese officials being punished in July for violating China’s frugality rules, will China’s post-COVID-19 luxury market take another hit? Image credit: Shutterstock {"ct":"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","iv":"048519f316faad40ae94e434a88a1923","s":"240ace52e33ffd15"}