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 Bya Luxury Daily columnistOn 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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","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