Research
March 31, 2016
Chinese affluence
By Sarah Jones
Chinese consumers are becoming more selective in their purchases, trading up from mass to premium labels as their confidence grows.
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","iv":"97e7f5d3483b3ce1c9fb0b17400f1531","s":"20ad1186c8adf387"}
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