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":"da858f636932e8bef498281722d45e76","s":"2ad9e416852c9e32"}