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":"2723861af96354977e1e4beaa13aef04","s":"d77afe2f261f1cbd"}