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Is China’s “Common Prosperity” plan good or bad for luxury?

Posted By a Luxury Daily columnist On In Featured,Government,Industry sectors | No Comments
President Xi Jinping is pushing “common prosperity” to help support China’s middle class. But can this agenda benefit luxury in the long term? Image credit: Shutterstock President Xi Jinping is pushing “common prosperity” to help support China’s middle class. But can this agenda benefit luxury in the long term? Image credit: Shutterstock

 

By Adina-Laura Achim