Luxury
Wealthy Chinese dial back spending on luxury: Hurun survey
China’s ultra-rich continued to spend lavishly last year on luxury, but how they did it changed, and fast. According to the Hurun Research Institute’s latest Hurun Chinese Luxury Consumer Survey, China’s luxury consumer market remains resilient, reaching 1.66 trillion RMB ($237 billion) in 2023, up 3 percent from 2022. Hurun’s…
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