Retail
July 12, 2021
Affordable luxury had a great run in China, but some factors have led many to believe that this market is tanking post-COVID-19. Image credit: Coach's Weibo
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","iv":"b9ef57331a74950124df62af42a3558e","s":"d4a40f70443c76ee"}
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