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1 year ago

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Big brands fret over China as middle-class spurns luxury

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Big brands fret over China as middle-class spurns luxury

Chloe Kou, a 28-year old beauty brand marketing manager from Shanghai, won't be buying her usual "one or two" high-end handbags this year. Instead, she plans to save not spend, and that is a problem for luxury brands.

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Big brands fret over China as middle-class spurns luxury

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