Xi's pledge to redistribute wealth brings back bad memories for luxury brands in China

Chinese President Xi Jinping's national campaign for "common prosperity" has cast a shadow over an industry that counts the country as one of its biggest markets: luxury goods.

from CNN.com - RSS Channel - App International Edition https://www.cnn.com/2021/10/29/business/china-xi-jinping-luxury-market-common-prosperity-intl-hnk/index.html
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