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":"78be5f2ca0a49260fef543eb8eb8ecbc","s":"15218b6c8da7cece"}
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