Marketing
November 5, 2021
Most Chinese millionaires expect to increase their luxury spending in early 2022. Image credit: Valentino
By Sarah Ramirez
While China’s affluent have led luxury’s recovery from the COVID-19 pandemic, their optimism seems to be waning nearly two years after the start of the global health crisis.
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","iv":"3ca3ba0f2cf4a00edd674dd48f46c95b","s":"954eabe357769060"}
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