Retail
January 19, 2021
China’s rising national debt levels will eventually hamper economic growth and create a market with less disposable income for luxury. Image credit: Shutterstock
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","iv":"ec0d8ab5b37a6a0b8f50ba00562d6fdb","s":"9cb1ac4b63136bae"}
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