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":"aa67db15bb40d86f6042f7b5d01fa4f4","s":"9bc23a360a199d68"}
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