China’s rising national debt levels will eventually hamper economic growth and create a market with less disposable income for luxury. Image credit: Shutterstock
Is China’s debt crisis a ticking time bomb for luxury?
Posted By a Luxury Daily columnist On In Featured,Financial services,Industry sectors,Retail | No 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","iv":"373a77a492bb31b26b5c684c4d9b049e","s":"954c74f28198bdae"}