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China: Presidential Couple Leaves Mark on Business of Luxury

Xi Jinping and his wife, First Lady Peng Liyuan | Source: IBT
By
  • Emma Clark

"The first lady’s fashion choices were for more affordable, logo-free domestic brands, marking a sharp contrast with the prevalent Chinese taste for foreign, sometimes flashy, luxury items with famous brand names prominently displayed.Such an attitude is intimately aligned with some of the key messages in a national campaign, launched by the Chinese leader late last year to promote frugal tastes and smash the scourge of official corruption."

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