Retail
March 29, 2021
A confidence crisis in the Chinese leadership or a new policy such as China’s anti-corruption policy from 2012 could stem the tide of luxury spending. Image credit: Shutterstock
{"ct":"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","iv":"ff990fc7f2de7dd0e7908997023bc2b1","s":"b46fa05c05d1fb2f"}
Share your thoughts. Click here