China’s Luxury Market Rebound: A 2024 Outlook

In 2024, China’s luxury market is poised for a 4-6% resurgence after contracting due to COVID-19 disruptions. A robust comeback in 2024 signals a significant rebound from 2022 declines and mixed trends in 2023 for the industry. The growth is driven by a shift in Chinese consumer spending habits, where 60% of luxury purchases were […]

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