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":"90627216935a1b9e4799a64f0f63858e","s":"2d72e5fb3eff72ff"}