The luxury sector was moving from a global, travel-oriented market to a more local industry well ahead of the COVID-19 spread. Chinese luxury consumers, in particular, used to purchase goods mostly while traveling outside of the mainland to Europe, South Korea, Japan and Hong Kong.
from Travel and hospitality – Luxury Daily https://www.luxurydaily.com/where-will-chinese-consumers-buy-luxury-when-the-world-reopens/
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