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Is China’s curb on “excessive income” actually good for luxury?

Posted By a Luxury Daily columnist On In Featured,Financial services,Industry sectors | No Comments
China wants to curb “excessive” incomes and focus on moderate wealth for all. What does this mean for luxury brands banking on the country’s elite? Image credit: Shutterstock China wants to curb “excessive” incomes and focus on moderate wealth for all. What does this mean for luxury brands banking on the country’s elite? Image credit: Shutterstock

 

By Julienna Law