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":"a41708b9ef1e8e5a94dd609b6a2629a2","s":"45c426df8bb3d567"}