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Global luxury brands like Omega, De Beers eye China's retail boom as wealth expands in lower tier cities

Global luxury brands like Omega, De Beers eye China’s retail boom as wealth expands in lower tier cities Sales of luxury goods in China soared 48 per cent in 2020 to US$53.5 billion as the economy rebounded from a slump in the first quarter Rents on premium ground-floor retail space are likely to see positive growth when leases come up for renewal: CGS-CIMB Securities
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Source: scmp.com

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