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":"1f2f4aca0a4b6e34596de6ad123ba459","s":"f08ac6adc54beff1"}
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