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":"704a4cd474f3249cdbf51d605d43aebe","s":"57313958eb214e7b"}
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