Another false dawn? China’s luxury spending revival seems to be fading: Bernstein

We thank David Schwartsman and Mateo Servent for excellent research assistance. Emilio Depetris-Chauvin acknowledges financial support from ANID, FONDECYT Regular 1240631. All errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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