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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