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":"9909ae4bb80953dc2a87ce8d8cecb946","s":"425eb4ad5a635a33"}
Share your thoughts. Click here