China’s consumers refuse to open their wallets. Is ‘luxury-phobia’ the problem?
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Source: South China Morning Post
Published: 2026-01-20 18:00 UTC+10:00
Section: General
Factuality Score: 92
Opinion Category: Neutral
Topics: Business, Asia, Economy & Finance, China, Business & Economy, Asia Pacific
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Snippet:
Chinese households are not splashing out on luxury goods partly because they feel ‘stigmatised’ for doing so, scholar argues
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