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Wednesday, Nov 25, 2020

China’s big spending millennials and Gen Z help Chanel, LVMH and other luxury retailers defy its slowest economic growth in 30 years

China’s big spending millennials and Gen Z help Chanel, LVMH and other luxury retailers defy its slowest economic growth in 30 years

Luxury sales in China are expected to reach US$43.6 billion in 2024, Euromonitor says. China’s growth has always been driven by younger consumers, McKinsey says
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