Retail
January 19, 2021
China’s rising national debt levels will eventually hamper economic growth and create a market with less disposable income for luxury. Image credit: Shutterstock
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","iv":"4bfb7b18150c166533ee63e55fa36bb9","s":"7ec15a8ff77531aa"}
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