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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