All eyes on China for luxury’s recovery, but no guarantees of future success
Posted Bya Luxury Daily columnistOn In Columns,Featured,Industry sectors,News,Opinion,Research,Retail | No 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","iv":"bd4efa6b2c886f77d78977bc11f39353","s":"867d6d7be961d820"}
Power of China's economic empire: Shanghai skyline at night