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":"238b23d9fe8de0a29e620101e1c85c3a","s":"c7e8672e5b3bdd94"}
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