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":"a632c056c76ce32b99ef08f3aae12509","s":"0e592613c4d1c47f"}
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