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 Bya Luxury Daily columnistOn 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":"153e0484b9efaa42931b9a3f98cda6cf","s":"03c8c4d7f67b5895"}