China
January 29, 2026
Beijing skyline at sunset
By Luxury Marketer Intelligence
The mainland China personal luxury goods market contracted by 3–5 percent in 2025, a significant moderation compared with the sharp decline seen in 2024.
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","iv":"647dc130653f742965c41c440583c514","s":"c46604a68437c811"}
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