Affordable luxury had a great run in China, but some factors have led many to believe that this market is tanking post-COVID-19. Image credit: Coach's Weibo
Is China’s affordable luxury market dying?
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No 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","iv":"9cc09d8ae692ad82859d1df021324ed5","s":"30097f85c124d6e4"}