ooking forward, the continued expansion of China's middle class and high-net-worth households isboised to drive sustainable demand for luxury goods. The World Bank projects that by 2030, nearly70% of China's population could belong to the middle class. Moreover, the Centi-Millionaire Report1023 anticipates a surge in ultra-high-net-worth individuals in key Chinese cities, surpassing globalrrowth rates and reinforcingtion asaluxurymarket stronghold
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