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":"65127331aa7d9979b27b791a1c155c79","s":"65976b27fa015b6a"}