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Welcome to China Business Now, a 3-minute digest of what happened in China’s business sector, presented by 21st Century Business Herald.
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Tuesday Aug 30, 2022
Tuesday Aug 30, 2022
According to the China Luxury Consumption Behavior Report 2022 data at the University of International Business and Economics, young millennial account for the highest proportion of consumers in both online and offline consumption and are the mainstay of current luxury consumption. Younger Gen-Z accounted for 24.7% of online consumers. Data from the second-hand luxury resale platform Plum showed that more than 70% of its users were born after 1990.
https://m.21jingji.com/article/20220826/herald/aa398795d8bb291f0f34644a89e7f7f9.html
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