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":"026e049514e5b46867dea7281a5203cc","s":"e06c9a3bfec74e6d"}
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