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Research

Luxury market in China loses five-year growth reign, declining 10pc in 2022: Bain

February 8, 2023

The report details the decline of the luxury market within China, stressing the resiliency of digital business. Image courtesy of Bain & Company The report details the decline of the luxury market within China, stressing the resiliency of digital business. Image courtesy of Bain & Company

 

By Emily Iris Degn

Amidst the economic and health crises happening in China, the country’s personal luxury goods have officially lost exponential momentum.

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