Although some brands are still ignoring the gloomy economic outlook, the vast majority of the luxury industry today is better prepared to weather the upcoming crisis than it was a decade ago. Image credit: Jing Daily, Shutterstock
Are Chinese consumers moving from spending to saving?
Posted ByStaff reportsOn In Apparel and accessories,Featured,Government,Industry sectors,Retail | No 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","iv":"3fef4644368aa68c7978dffbd78174df","s":"caa528c8f0e615ab"}