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":"045e7f2535b25c39bf3491d5adeadcbd","s":"1ff0660979aa81f3"}
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