Some global players smoothly managed China’s policy shifts while others could not adjust. But did the trade war and rising labor costs also play roles? Image credit: Wang Guangyi
Can Western luxury brands survive the New China?
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No Comments
Some global players smoothly managed China’s policy shifts while others could not adjust. But did the trade war and rising labor costs also play roles? Image credit: Wang Guangyi
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