Retail
July 12, 2021
Affordable luxury had a great run in China, but some factors have led many to believe that this market is tanking post-COVID-19. Image credit: Coach's Weibo
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","iv":"0b7b7fd86096b0fd2b674ad58b31dbf6","s":"4136e090a5656f2e"}
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