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Strategies for success in China's changing luxury market

Following the government s declaration of relaxed anti-pandemic measures in late 2022, experts predicted that China s luxury market would revive in 2023. Despite a slow start, the market is showing optimistic signs of revival. LVMH s Asia sales, for instance, increased by 14% in the first quarter of 2023, with China accounting for almost 80% of the company s regional revenues. ....

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