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
{"ct":"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","iv":"ba786775d6f7cd44fe77b98eb12e2e34","s":"9eacd780ae7d2778"}
Share your thoughts. Click here