How Labubus Explain China’s Global Reach | China Decode

Transcript

Economists like to talk about the lipstick economy. You know, when we're getting into recession territory or people can't afford high ticket luxury items, they want to go for something that's a bit more affordable but also prestigious and high status. And it seems like Labubu's, you know, filled that mix. So, we're really living in a labu economy. ... Read More