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Lunar New Year Spending Sends Mixed Signals on Chinese Economy to Luxury Brands

While there is no guarantee that the weak consumption growth rate will translate into an overall slowdown of luxury consumption, it should set off an alert with brands who rely on this demographic to spur growth.

Lunar New Year Spending Sends Mixed Signals on Chinese Economy to Luxury Brands
While there is no guarantee that the weak consumption growth rate will translate into an overall slowdown of luxury consumption, it should set off an alert with brands who rely on this demographic to spur growth. Photo: Shutterstock

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