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Hey big spenders! China’s richest consumers will keep splashing out on luxury goods even as economy slumps, Bain says

China’s wealthiest consumers will continue to splurge on expensive bags and watches as the economy reopens, even as middle-class shoppers refrain from buying big-ticket items, unnerved by worries about their job prospects and wages, says Bain & Company.

Read the original article at South China Morning Post

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