The growth of China’s luxury market slowed in 2021 versus 2020, but certain drivers should keep it buoyant long-term. Image credit: Shutterstock
China luxury: More ups than downs, says Bain report
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments{"ct":"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","iv":"7843493cfcfa1a4d259d6abb39695197","s":"ee62433de794153e"}