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":"eedf9ebc5a14087c5216b7ae421a11e6","s":"590ef6a772aa04e4"}
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