Retail
September 10, 2021
Rising incomes, dynamic lifestyle aspirations, and high consumer confidence have helped boost the China market. But there’s another emerging factor: consumer credit. Image courtesy of Apple
By Glyn Atwal
China’s luxury market continues to deliver positive returns and outperform market analyst expectations.
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