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":"c5ca4b269dabbef0f3dbd3f1af9ba911","s":"2de3eee4fa395dfe"}
Power of China's economic empire: Shanghai skyline at night