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":"3aea7d4ed3d68e59b6933379f31309d7","s":"28fffe421e88dec7"}