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Luxury spending pullback in China hits high-end brands, forcing them to cut prices. 95% of Fortune 500 brands have seen declining market share over the past 2 years. Over 500 smartphone brands have exited the market since 2017. Despite the challenges, Xiaomi's Redmi Note 13 Pro stands out with its IP68 rating. Stay tuned for insights on the evolving luxury and tech markets.

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