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 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","iv":"3431f7100fafd922ddb742345877e181","s":"2d3c465640474729"}