Retail
March 11, 2021
China’s economy quickly rose from a manufacturing superpower to a mature service sector. But how will those changes impact global luxury brands? Image courtesy of Versace
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","iv":"fa5ee038be31486f71f8ea1c76242179","s":"822ddbf2544602e9"}
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