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 Comments
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":"7766777dad94b18d73a374d9e3277b14","s":"5e9c7795933fea72"}