SCMP: “Luxury expenditure in China has been driven by the fact that China’s affluent and wealthy continued to do quite well financially” – Amrita Banta
Source – Courtesy of South China Morning Post – Full article here Chinese consumers splurge on luxury goods as ‘Covid hasn’t changed the lifestyle of the rich’ > Domestic purchases of luxury goods in 2021 in China was valued at US$74 billion, having totalled US$120 billion in 2019 for both domestic and international sales > […]