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":"eba77cf3384fae6165e75ed909f46f4b","s":"50ccdf545ba53297"}
Share your thoughts. Click here