Financial services
August 18, 2021
China wants to curb “excessive” incomes and focus on moderate wealth for all. What does this mean for luxury brands banking on the country’s elite? Image credit: Shutterstock
{"ct":"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","iv":"0e2584063cc9c24835fd62a4dbf2b43f","s":"395c7457060c8137"}
Share your thoughts. Click here