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
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","iv":"4f63dc364a6cb5a1591178430f799b7d","s":"e0ad5991fedb7a49"}
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