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":"8bbcfbde0c81e88e9dd1405fd086b103","s":"ed2d260f37efd008"}
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