Retail
March 29, 2021
A confidence crisis in the Chinese leadership or a new policy such as China’s anti-corruption policy from 2012 could stem the tide of luxury spending. Image credit: Shutterstock
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","iv":"5cef2cc91967f181d232cc651fd88168","s":"aeeba129306201f6"}
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