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Can “revenge spending” save luxury in China?
Posted By
a Luxury Daily columnist
On
March 25, 2020 @ 3:45 am
In Featured,Industry sectors,Retail |
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As the global COVID-19 situation worsens, brands are prioritizing the slow recovery of China’s market. Image credit: Gucci. Illustration: Haitong Zheng/Jing Daily
By
Ruonan Zheng
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","iv":"ce2b1241c243c3a6124fbf3bc082bb1b","s":"7e6996e5847c3725"}