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 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