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 By Staff reports On In Apparel and accessories,Featured,Government,Industry sectors,Retail | No 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","iv":"d98b68e6a9db9a216cec7eb8914eeefd","s":"c3d622149fe68cea"}