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":"b82d90e5446dabf05c6381457c2562a0","s":"0ec3f109a6eeaac3"}
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