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Home / Capital / Covid 19

The virus has trapped US$111 bil of luxury spending in China

Covid-19

The virus has trapped US$111 bil of luxury spending in China

Jinshan Hong Published on Thu, Jul 09, 2020 / 6:30 AM GMT+8

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A+

SINGAPORE (July 9): Jeff Meng, a 25-year-old watch lover from a well-heeled Guangdong family, had RMB160,000 ($31,800) burning a hole in his pocket. He could not find the Rolex Daytona watch he wanted, dubbed “panda” for its black-and-white face, anywhere in China.

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