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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","iv":"0caf3661e66cd142d1abfa9e73b96813","s":"01ccd3d668d41e70"}
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