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":"d61a619d4e41bb4eb87bb04789c70320","s":"ecd93c58dd5d9e90"}
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