Report on DigitalTrends of China'sLuxury Market 2022

 The luxury market in Chinese mainland has slowdown over the last 12 months with a sharp decline of annual growth rate from 20% to 1%. However, it doesn’t mean that all segments of the market were static. In fact, different consumer segments' spending change varied greatly: “light spenders” spent much less while “medium and heavy spenders” continued to increase spending. Brands should pay attention to these market trends. 









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