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{"ct":"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","iv":"7b00e90f375235df12bd1c614df7c5e4","s":"261be1251d7b813c"}