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China

Experiences, quiet luxury, travel big for Chinese millionaires heading into new year: study

November 14, 2023

The Chinese wealthy and UHNW are key to luxury's global growth. Image: Shutterstock The Chinese wealthy and UHNW are key to luxury's global growth. Image: Shutterstock

 

By Staff reports

The old truism in China was simple: the wealthier the person, the less impacted he or she would be by shocks and downturns in the economy. That, apparently, no longer holds true as evidence by the turn of events this year.

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