Affordable luxury had a great run in China, but some factors have led many to believe that this market is tanking post-COVID-19. Image credit: Coach's Weibo
Is China’s affordable luxury market dying?
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No 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","iv":"2be445e85da65ad58ace19593fa3166c","s":"fd50fcb7e5a191e8"}