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Hong Kong developer Hang Lung eyes China's booming luxury market as it expands flagship Shanghai mall Plaza 66

Hang Lung Properties is targeting discerning Chinese consumers’ penchant for luxury goods as it prepares to undertake the expansion of its flagship mall in Shanghai. ....

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Will Covid-19 chills and slumping economy keep China from becoming world's largest luxury goods market?

Since 2020, factors such as Beijing’s zero-Covid policy, the crisis in the property sector and a huge number of lay-offs appear to have stirred up an increasing amount of self reflection among China’s young middle-class shoppers and suppressed their appetite for spending. ....

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