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The economic slowdown has wiped almost $200 billion off the luxury sector’s value in recent months. | Photo Credit: Reuters The prolonged downturn in luxury spending in China is unlikely to reverse this year, analysts and executives warn, deepening a rout which has wiped almost $200 billion off the sector’s value in recent months. Profit…
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This aerial photo taken on April 22, 2024 shows a general view of flooded buildings and streets after heavy rains in Qingyuan city, in China’s southern Guangdong province. | Photo Credit: AFP Heavy rainstorms that swept across southern China over the weekend killed at least four people in riverside cities, while a search was underway…
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