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Despite a general slowdown in China’s consumer spending, a surprising surge in demand for premium goods and services is emerging from the nation’s smaller, often overlooked cities, presenting new opportunities for retailers.
August shopping data from tax refund specialist, Global Blue, indicates a downward trend in tax-free in-store sales of -13% (year-on-year) – the worst decline since the start of the year and a big fall compared with July’s 0% change. While transactions rose…
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