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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