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First revenge buying, then panic selling. Is China’s luxury fever cooling down?

Chinese HNWIs are selling their Rolex and Hermès to raise quick cash. As the economy tumbles, is luxury really recession-proof? Image credit: Shutterstock Chinese HNWIs are selling their Rolex and Hermès to raise quick cash. As the economy tumbles, is luxury really recession-proof? Image credit: Shutterstock

 

By Lisa Nan