China’s rich cut high-end spending by 5% as economic confidence hits 14-year low
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Source: South China Morning Post
Published: 2026-01-31 19:45 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Asia, Economy & Finance, China, Tax & Budget, Business & Economy, Asia Pacific
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Snippet:
Economic confidence among high-net-worth individuals has declined for fourth year in a row to lowest level since 2012, Hurun report shows
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