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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