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Should luxury worry as China’s GDP drops sharply?

China is struggling with an energy crisis, new COVID-19 outbreaks and a prolonged downturn in the property sector amid Evergrande’s recent default. Image credit: Shutterstock China is struggling with an energy crisis, new COVID-19 outbreaks and a prolonged downturn in the property sector amid Evergrande’s recent default. Image credit: Shutterstock

 

By Julienna Law