Luxury Consumers

Affluent, HNW Chinese Luxury Consumers Dial Back Spending Enthusiasm

The survey evidence appears unambiguous: optimism among affluent and HNW Chinese citizens, as judged by their luxury spending, has fallen significantly in 2023. It appears that the wealthiest people’s ability to shrug off economic shocks isn’t as strong as it might once have been. A barometer of confidence among Chinese high net worth individuals shows a […]
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