While first-tier cities show signs of stabilization, the national property slump continues to dampen luxury spending.
The balance of soft power is shifting as AI, luxury, and cultural exports redefine global influence beyond traditional economic dominance.
Despite strong visitor growth during the 2025 Spring Festival, Hong Kong and Macau face diverging tourism trends and lingering economic challenges.
From luxury resellers to everyday shoppers, Americans are tapping Chinese social media to build shadow supply chains around Trump’s latest trade barriers.
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