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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","iv":"3871c5e1df444f4461ca6ac4054d0c45","s":"4793cdd6949f208f"}