Research
March 9, 2023
China's wealthy favor luxury items that increase in value, such as Birkin Bags and Rolex watches, while younger HNWIs spend to reward themselves. Image credit: Shutterstock
{"ct":"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","iv":"58bdbec889db18ce43eb3ba1b5340b6d","s":"75bd36a160b527aa"}
Share your thoughts. Click here