At first sight, U.S. inflation might seem like a win for China. But the reality is that everyone loses from it. Image credit: Shutterstock
How will US inflation impact Chinese luxury?
Posted Bya Luxury Daily columnistOn In Featured,Government,Industry sectors,Retail | No Comments{"ct":"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","iv":"934e6d71d290e755d95e7c348d062345","s":"a378172ecd7f2dd6"}