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":"751a9fb4cf767d9dabcac240db040cbb","s":"783fa5d67d9143b8"}