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China's Luxury Sales Surge Amid Graft Crackdown, Slowing Economy


China's Luxury Sales Surge Amid Graft Crackdown, Slowing Economy
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China is cracking down on government excess and corruption. Advertisements for luxury goods are banned and it’s riskier than ever for officials to flaunt their wealth. Even with the official focus on austerity and China’s slowing economy, however, Chinese demand for luxury goods continues.

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