Retail
August 21, 2017
China will soon have more millionaires than any other country on earth. Image credit: McKinsey
By Danny Parisi
China is rapidly becoming one of the most important luxury markets in the world, with more than $7.4 billion in luxury goods being bought in the country per year, according to a new report from McKinsey.
{"ct":"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","iv":"083036de966bc43e84a9d820e62c688f","s":"82dd3f8140a70c28"}
Share your thoughts. Click here