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":"47e81923ae3f02d5d4629f59f8c84422","s":"48195b005b31432e"}
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