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“Too early to call a pause” on Chinese HNWIs’ luxury spending: Julius Baer

Despite the widely expected cooling of China’s economic growth, Julius Baer believes the Mainland remains the major driver of the global luxury goods sector and that it shows no sign of slowing. Bhaskar Laxminarayan, CIO and head investment management, Asia at Julius Baer, said at a press conference today that although there might be some shift between onshore and offshore…

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