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How a quest for identity turned China into a luxury market giant

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How a quest for identity made China the luxury powerhouse that it is today

, the country's flat socialist structure suddenly"opened up vertically," Lu wrote.

Rapid urbanization and consumerism did more to fuel China's luxury boom than a lack of religion, he said. China's new private markets made a"whole bunch of people rich very quickly" and fueled a huge boost in consumption, Gerth said.

 

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