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Consumers in China's Lower-Tier Cities To Spend $10 Trillion By 2030

A report by the investment bank Morgan Stanley predicts that the purchasing power of Chinese consumers in lower-tier cities will reach $10 trillion by 2030.

Consumers in China's Lower-Tier Cities To Spend $10 Trillion By 2030
Louis Vuitton's new store opening at Chongqing, China. (Image via Louis Vuitton's official Weibo)

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