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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