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.
{"ct":"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","iv":"e638d7a77eb4d5e7e8f08aca549b543e","s":"03659db676c2cd1f"}
Share your thoughts. Click here