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China's Luxury Market Rebounds, LVMH Reports Over 30% Surge

China's luxury market is witnessing a resurgence, although it has not yet reached 2021 levels. Insights from industry analysts and the financial reports of major brands indicate emerging growth opportunities compared to pre-pandemic patterns. LVMH, the latest luxury player to unveil its 2023 results, disclosed a remarkable surge of over 30% in fashion and leather goods sales in China for December.
Source: CNBC