Retail
February 12, 2026
Chinese Year of the Horse 2026. Image credit: Shutterstock, Savanevich Viktar
By Luxury Marketer Intelligence
Drawing on a survey of 3,000 aspirational luxury shoppers, new research reveals a Chinese luxury market in cautious recovery, where strong confidence coexists with disciplined budgets, growing “local love” for Chinese brands, and a reshaped channel mix in which official and travel-retail formats move to the center.
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","iv":"6ddd01a9b77b0d89eebd6dd083010e95","s":"953bfcf619d3454e"}
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