China’s niche fragrance boom defies economic slowdown
Despite China’s economic slowdown and declining consumer spending on high-end goods, the country’s luxury fragrance sector continues to thrive.
China’s fragrance market reached 20.7 billion RMB ($2.9 billion) in 2023. Image: Getty
China’s fragrance market reached 20.7 billion RMB ($2.9 billion) in 2023. Image: Getty