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Retail

China’s inward turn may cost Western luxury brands overseas

June 16, 2020

GlobalWebEx has found that Chinese people are the world's largest demographic of luxury buyers. Image credit: GlobalWebEx GlobalWebEx has found that Chinese consumers are the world's largest demographic of luxury buyers. Image credit: GlobalWebEx

 

With borders still not fully open worldwide, the largest group of luxury consumers is staying home, spelling trouble for Western brands.

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